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A Random Variable X Has the Following Probability Distribution

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A random variable x has the following probability distribution:
A random variable x has the following probability distribution:     a.Determine the expected value of x. b.Determine the variance.
a.Determine the expected value of x.
b.Determine the variance.


Definitions:

Capital Gains Yield

The price appreciation component of the total return on an investment, expressed as a percentage of the initial investment cost.

Constant Rate

A steady, unchanging rate of growth or decline, often used in the context of compounding interest or depreciation.

Expected Growth Rate

The projected annual rate at which an investment or a company's earnings are expected to grow.

Constant Growth Model

A model used to estimate the value of a stock assuming that dividends grow at a constant rate indefinitely.

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