Question

Consider the following uncertainty distribution:Value -1, 0, 2, 5, 10Probability .2, .1, .1, .2, .4Calculate the numerical value of the mean of the uncertainty distribution.

Answer 1

The mean is given by

`(0.2)(-1)+(0.1)(0)+(0.1)(2)+(0.2)(5)+(0.4)(10)`
`-0.2+0+0.2+1+4=5`

The answer is 5.