A company sells fertilizer in batches of 5 cubic feet. The probability distribution of X, the number of cubic feet sold in a single order for concrete from this company, is shown in the table below. X the number of cubic yards 10 15 20 25 30 Probability 0.15 0.25 0.25 0.30 0.05 Calculate and interpret the expected value. The expected value is 20. This represent the average number of cubic feet sold in a single order over the long run by the company. The expected value is 19.25. This represent the average number of cubic feet sold in a single order over the long run by the company. The expected value is 20. This represent the average amount of fertilizer sold by the company. The expected value is 19.25. This represent the average amount of fertilizer sold by the company. The expected value is 19. This represent the average number of cubic feet sold in a single order over the long run by the company. SOOOOO

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A company sells fertilizer in batches of 5 cubic feet. The probability distribution of X, the number of cubic feet sold in a single order for concrete from this company, is shown in
the table below.
X= the number of cubic yards
Probability
10
15
20
25
30
0.15
0.25
0.25
0.30
0.05
Calculate and interpret the expected value.
The expected value is 20. This represent the average number of cubic feet sold in a single order over the long run by the company.
The expected value is 19.25. This represent the average number of cubic feet sold in a single order over the long run by the company.
The expected value is 20. This represent the average amount of fertilizer sold by the company.
The expected value is 19.25. This represent the average amount of fertilizer sold by the company.
The expected value is 19. This represent the average number of cubic feet sold in a single order over the long run by the company.
Transcribed Image Text:A company sells fertilizer in batches of 5 cubic feet. The probability distribution of X, the number of cubic feet sold in a single order for concrete from this company, is shown in the table below. X= the number of cubic yards Probability 10 15 20 25 30 0.15 0.25 0.25 0.30 0.05 Calculate and interpret the expected value. The expected value is 20. This represent the average number of cubic feet sold in a single order over the long run by the company. The expected value is 19.25. This represent the average number of cubic feet sold in a single order over the long run by the company. The expected value is 20. This represent the average amount of fertilizer sold by the company. The expected value is 19.25. This represent the average amount of fertilizer sold by the company. The expected value is 19. This represent the average number of cubic feet sold in a single order over the long run by the company.
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