Question

Find the expected value of the random variable with the given probability distribution

Outcome25 |27| 70 | 52 | 6
Probability 0.05|0.06| 0.27| 0.25 0.37

Answer 1

36.99 is the answer

Explanation:

Answer 2

36.99

Explanation:

Expected value is the sum of each outcome multiplied by its probability.

X = 25(0.05) + 27(0.06) + 70(0.27) + 52(0.25) + 6(0.37)

X = 36.99