Obtain the expected value of a random variable with four values 1,2,3,4 with probabilities P(1)= 1/4 ; P(2)=1/4 ; P(3)=1/8 ; P(4)=3/8

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Obtain the expected value of a random variable with four values 1,2,3,4 with probabilities P(1)= 1/4 ; P(2)=1/4 ; P(3)=1/8 ; P(4)=3/8

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Answer: - Obtain the expected value of a random variable with four values 1,2,3,4 with probabilities

               P(1)= 1/4 ; P(2)=1/4 ; P(3)=1/8 ; P(4)=3/8

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