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If the average profit earned on models A,B, and C is 60, 75, and 40, respectively what is the expected value of the profit earned on all models?
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If the average profit earned on models A,B, and C is 60, 75, and 40, respectively what is the expected value of the profit earned on all models?

User ChalkTalk
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1 Answer

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The expected value of a certain quantity is equal to the average of the same quantity.

Therefore the expected values of models A, B and C are 60,75 and 40 respectively.

User Abimaran Kugathasan
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