It is given that P(X = 0) = 30% =\(\frac{30}{100}=0.3\)
P(X=1)=70%=\(\frac{70}{100}=0.7\)
Therefore, the probability distribution is as follows.
| X | 0 | 1 |
| P(X) | 0.3 | 0.7 |
xt pt xtpt xtpt2
0 \(\frac{30}{100}\)
1\(\frac{ 70}{100}\frac{70}{100}\frac{ 70}{100}\)
\(∑ptxt=70/100 ∑ptxt2=\frac{70}{100}\)
\(E(X)=Mean=∑ptxt=\frac{70}{100}=0.7\)
\(Vrience(X)=∑ptxt2-(∑ptxt)2=\frac{70}{100}-(\frac{70}{100})2=\frac{7}{10}-\frac{49}{100}=\frac{21}{100}=0.21\)
=0.21
Aakash and Baadal entered into partnership on 1st October 2023 with capitals of Rs 80,00,000 and Rs 60,00,000 respectively. They decided to share profits and losses equally. Partners were entitled to interest on capital @ 10 per annum as per the provisions of the partnership deed. Baadal is given a guarantee that his share of profit, after charging interest on capital, will not be less than Rs 7,00,000 per annum. Any deficiency arising on that account shall be met by Aakash. The profit of the firm for the year ended 31st March 2024 amounted to Rs 13,00,000.
Prepare Profit and Loss Appropriation Account for the year ended 31st March 2024.

A random variable is a variable whose value is unknown or a function that assigns values to each of an experiment's results. Random variables are often deputed by letters and can be classified as discrete, which are variables that have particular values, or continuous, which are variables that can have any values within a continuous range.
Random variables are often used in econometric or regression analysis to ascertain statistical relationships among one another.
There are two types of random variables, such as: