SOLUTION: A company which rents dvds and video games from vending machines keeps track of how many items each customer rents. For the probability distribution below, X represents the number

Question 1186352: A company which rents dvds and video games from vending machines keeps track of how many items each customer rents. For the probability distribution below, X represents the number of items rented by a randomly selected customer. P(X) represents the probability that a randomly selected customer rents that many items.
X
1
2
3
4
5
P(X)
0.2
0.3
0.3
0.1
0.1
What is the expected value for the number of items rented by a randomly selected customer?
Answer by ikleyn(52780) (Show Source): You can put this solution on YOUR website!
.

Calculate the sum of the terms x*p(x) for all x = 1, 2, 3, 4 , 5.

Happy calculations ( ! )

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