Given the Following Probability Distribution,what Is the Expected Value of the Random

question 69

Multiple Choice

Given the following probability distribution,what is the expected value of the random variable X?

• A) 175
• B) 150
• C) 200
• D) 205

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Definitions:

Instrument

An instrument is a legal document that formally records or grants a right, like contracts, wills, or deeds.

Drawer

The person who writes or issues a cheque or draft, instructing his or her bank to pay a specified sum of money to a named party.

Draft

An initial version of a document, plan, or proposal that is subject to revision or editing.

Drawee

The party in a financial transaction, such as a check or draft, upon whom the order to pay is made; typically a bank.