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

Question

asked Oct 3, 2020 135k views

2 Answers

Steaphann · Answer 1 · 2020-10-10T01:18:37+0000

Answer:

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