Find the expected value for the random variable. 21 12 9. 15 18 P(z) 0.12 0.21 0.41 0.18 0.08 (Type an integer or a decimal.) E(z) =| %31
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- am i Saved Help Save & Exit A random variable is binomially distributed with n= 16 and T = .40. The expected value and standard deviation of the variables are Multiple Choice 2.00 and 1.24 4.80 and 400 6.40 and 1.96 2.00 and 1.20 17 of 19 Next >11.8.3 The table shows claims and their probabilities for an insurance company. Use the table to answer parts a through c. Amount of claim (to the nearest $50,000) Probability $0 0.65 $50,000 0.23 $100,000 0.05 $150,000 0.04 $200,000 0.02 $250,000 0.01 a.Calculate the expected value. $_______P(x) - 10 0.2 - 5 0.15 -1 0.1 1 0.3 0.15 7 0.1 a.) What is the expected payout? b.) Is it expected that a person playing this particular game will win money or lose money? O win money since the expected value is positive o lose money since the expected value is negative c.) What is the standard deviation (round to four decimal places)?SEE MORE QUESTIONS