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Outcome 0.5 1 2.5 Probability 0.3 0.35 0.15 2.5 Find the expected value of the probability model.

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter14: Counting And Probability

Section14.2: Probability

Problem 48E: Quality Control To control the quality of their product, the Bright-Light Company inspects three...

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Question

Outcome 0.5 1 2.5
Probability 0.3 0.35 0.15
2.5
Find the expected value of the probability model.

Expert Solution

Step 1: Given information

The probability distribution model is given by,

Outcome	0.5	1	2.5	2.5
Probability	0.3	0.35	0.15	?

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