Find the expected value for the monthly income

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Find the expected value for the monthly income 

The probabilities of a new actor getting 1,2,3,4 or 5 small jobs per month along with its income is shown in the Probability Distribution table.
Number of Jobs or Income for Jobs
Probabilities
1 or $1200
.35
2 or $2400
25
3 or $3600
20
4 or $4800
.15
5 or $6000
.05
Find the Expected Value for the monthly income
$(Type an integer or a decimal. Do not round.)
Enter your answer in the answer box.
Transcribed Image Text:The probabilities of a new actor getting 1,2,3,4 or 5 small jobs per month along with its income is shown in the Probability Distribution table. Number of Jobs or Income for Jobs Probabilities 1 or $1200 .35 2 or $2400 25 3 or $3600 20 4 or $4800 .15 5 or $6000 .05 Find the Expected Value for the monthly income $(Type an integer or a decimal. Do not round.) Enter your answer in the answer box.
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