Find the Expected Value of a Random Variable X Having

question 32

Multiple Choice

Find the expected value of a random variable X having the following probability distribution:

• A) E(
• X) = 2.3125
• B) E(
• X) = 1.0975
• C) E(
• X) = 2.1875
• D) E(
• X) = 2.3825

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Definitions:

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often used for commodities or financial instruments.

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A natural fiber used in the textile industry, known for its versatility, comfort, and absorbency.

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A day on which stock markets are open for trading, typically excluding weekends and public holidays.

Futures Contracts

Agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specific time in the future.