SOLUTION: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 2 0.14 19 0.21 17 0.19 3 0.21 11 0.25 Round to 3 decimal places as needed.

Question 1167560: Given the following probability distribution, what is the expected value?
Outcome P(Outcome)
2 0.14
19 0.21
17 0.19
3 0.21
11 0.25
Round to 3 decimal places as needed.

Answer by ikleyn(52835) (Show Source): You can put this solution on YOUR website!
.


Multiply given numbers in each row separately.


Then add the products in all rows.


If you calculate everything correctly, it will be your answer.

Happy calculations (!)

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