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The Expected Value and Variance Multiple Choice Questions (MCQ Quiz) with Answers PDF, Expected Value and Variance MCQ PDF e-Book download to practice BBA Business Statistics Tests. Study Probability Distributions Multiple Choice Questions and Answers (MCQs), Expected Value and Variance quiz answers PDF to learn online certification courses. The Expected Value and Variance MCQ App Download: Free learning app for binomial distribution, standard normal probability distribution, discrete probability distributions test prep for online college classes.

The MCQ: Demand of products per day for three days are 21, 19, 22 units and their respective probabilities are 0.29, 0.40, 0.35. profit per unit is \$0.50 then expected profits for three days are; "Expected Value and Variance" App Download (Free) with answers: 21, 19, 22; 21.5, 19.5, 22.5; 0.29, 0.40, 0.35; 3.045, 3.8, 3.85; to learn online certification courses. Practice Expected Value and Variance Quiz Questions, download Apple eBook (Free Sample) for online degrees.

## Expected Value and Variance MCQs: Questions and Answers

MCQ 1:

The value which is obtained by multiplying the possible values of random variable with the probability of occurrence and is equal to weighted average is called

1. discrete value
2. weighted value
3. expected value
4. cumulative value
MCQ 2:

The demand of products per day for three days are 21, 19, 22 units and their respective probabilities are 0.29, 0.40, 0.35. The profit per unit is \$0.50 then the expected profits for three days are

1. 21, 19, 22
2. 21.5, 19.5, 22.5
3. 0.29, 0.40, 0.35
4. 3.045, 3.8, 3.85
MCQ 3:

The probability which explains x is equal to or less than particular value is classified as

1. discrete probability
2. cumulative probability
3. marginal probability
4. continuous probability
MCQ 4:

The selling price of product is subtracted from purchasing price of product to calculate

1. profit of product
2. loss of profit
3. cumulative average
4. weighted average
MCQ 5:

The number of units multiply profit per unit multiply probability to calculate

1. discrete profit
2. expected profit
3. weighted profit
4. continuous profit

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