Step 1: The possible outcomes for two tosses of a fair coin are: \( HH, HT, TH, TT \). The corresponding values of \( X \) (number of heads) are \( 2, 1, 1, 0 \).
Step 2: Calculate the expectation \( E(X) \): \[ E(X) = \sum X \cdot P(X) = 2 \cdot \frac{1}{4} + 1 \cdot \frac{2}{4} + 0 \cdot \frac{1}{4} = 1. \]
When observed over a long period of time, a time series data can predict trends that can forecast increase, decrease, or stagnation of a variable under consideration. The table below shows the sale of an item in a district during 1996–2001:
\[ \begin{array}{|c|c|c|c|c|c|c|} \hline \textbf{Year} & 1996 & 1997 & 1998 & 1999 & 2000 & 2001 \\ \hline \textbf{Sales (in lakh ₹)} & 6.5 & 5.3 & 4.3 & 6.1 & 5.6 & 7.8 \\ \hline \end{array} \]Questions number 19 and 20 are Assertion and Reason-based questions. Two statements are given, one labelled Assertion (A) and the other labelled Reason (R). Select the correct answer from the codes (A), (B), (C), and (D) as given below.
(A) Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).
(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).
(C) Assertion (A) is true, but Reason (R) is false.
(D) Assertion (A) is false, but Reason (R) is true.
Using flat rate method, the EMI to repay a loan of ₹ 20,000 in \( 2 \frac{1}{2} \) years at an interest rate of 8% p.a. is:
Fit a straight-line trend by the method of least squares for the following data:
\[ \begin{array}{|c|c|c|c|c|c|c|c|} \hline \textbf{Year} & 2004 & 2005 & 2006 & 2007 & 2008 & 2009 & 2010 \\ \hline \textbf{Profit (₹ 000)} & 114 & 130 & 126 & 144 & 138 & 156 & 164 \\ \hline \end{array} \]