What is the probability that the random variable is less

Assignment Help Finance Basics
Reference no: EM131144316

A random variable has possible values of 20, 21, 22, 23, and 24 that are equally likely to occur. 

a) What is the probability that the random variable is less than 23?

b) What is the mean of the random variable?

c) What is the standard deviation of the random variable?

Reference no: EM131144316

Questions Cloud

What type of account is allowance for doubtful accounts : What type of account is Allowance for Doubtful Accounts? How does it affect how accounts receivable is reported on the balance sheet at the end of the accounting period?
Would this condition be satisfied if the number of waiting : The vice president of a bank wishes to provide banking services so that the probability of the number of waiting customers being greater than 8 is less than .07. Would this condition be satisfied if the number of waiting customers is a Poisson random..
Calculate the total estimated bad debts based : Calculate the total estimated bad debts based on the above information.
What is the probability that at least 30 employees out of 80 : What is the probability that at least 30 employees out of 80 would be financially secure if they lost their job for 6 months to a year? Do a 'what-if' analysis by changing the probability to .4, and .5, and rework part a).
What is the probability that the random variable is less : a) What is the probability that the random variable is less than 23? b) What is the mean of the random variable? c) What is the standard deviation of the random variable?
Journalize and post the adjusting entry : On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on March 31.
Find the probability of x : The investor also believes that investment B is equally likely to increase by $2,000 or decrease by $2,000 by the end of the year. Let X represents the total amount of change in investments A and B. Assume that these investments perform independent o..
What is the weakness of the direct write off method : What amount of bad debts expense will Hermesch Company report if it uses the direct writeoff method of accounting for bad debts?
Find the variance of the number of people who arrive before : A total of 11 people, including you, are invited to a party. The times at which people arrive at the party are independent uniform (0, 1) random variables. a. Find the expected number of people who arrive before you. b. Find the variance of the numbe..

Reviews

Write a Review

Finance Basics Questions & Answers

  Which trade serve to limit or prevent international trade

which serve to limit or prevent international trade. "Since 2010, one in ten of the countries surveyed have experienced a significant increase in the level of short-term political risk.

  What should be the current market price per share?

What should be the current market price per share?

  What is the incomplete revelation

what is the incomplete revelation

  To what sort of option on the counter partys assets can the

to what sort of option on the counter partys assets can the current exposure of a credit-risky position better be

  Interactions between the internal operations

Bank performance and the interactions between the internal operations, external activities and the environmental factors; the statement of income, the balance sheet, the statement of earnings and the statements of cash flows

  Hello wheels purchases bicycle components in the month

hello wheels purchases bicycle components in the month prior to assembling them into bicycles. assembly is scheduled

  Find the component costs of debt preferred stock and common

longstreet communications inc. lci has the following capital structure which it considers to be optimal debt 25

  What is a dollar and percentage annualized gain

What is A's dollar and percentage annualized gain, assuming a required 50% margin and 8% cost of funds on both transaction?

  Required rate of return on a stock

Assume that the risk-free rate is 6.5% and the expected return on the market is 12%. What is the required rate of return on a stock with a beta of 0.9?

  You are the cfo of ford motor company the company

you are the cfo of ford motor company the company considering taking on a project that requires 10 million in

  Calculate the payback period

Assume you are working on developing the business case for a project. The initial investment is $130,000 (year 0), the project will bring an income of $30,000 every year for 8 years starting from year 1 and the salvage value is $30,000. Please cal..

  Are her husband comments correct or incorrect

Her husband comments, "It doesn't matter whether you keep all of the ABC stock or replace it with $100,000 of the XYZ stock." Are her husband's comments correct or incorrect? Justify your response.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd