Given the following probability distribution, what is the expected value? Outcome P(Outcome) 16 0.09 4 0.02 2 0.19 14 0.09 11 0.61

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

Given the following probability distribution, what is the expected value?

Outcome P(Outcome)
16 0.09
4 0.02
2 0.19
14 0.09
11 0.61

Round to 3 decimal places as needed.

 

Expert Solution
Step 1: We have given that

Frequency distribution table 

OutcomeP(Outcome)
160.09
40.02
20.19
140.09
110.61

.

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON