jayman7376
jayman7376
11-10-2022
Mathematics
Answered
Calculate the expected value of the scenario.
Answer :
tiatingly15786
tiatingly15786
11-10-2022
Expected value:
[tex]E(x)=\Sigma(x_i*p(x_i))[/tex]
For the given scenario:
[tex]E(x)=(1*0.25)+(2*0.38)+(3*0.03)+(4*0.16)+(5*0.18)[/tex][tex]E(x)=0.25+0.76+0.09+0.64+0.9[/tex][tex]E(x)=2.64[/tex]
Then, the expected value is 2.64
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