Below is a partially complete probability model.
Enter the probability for the final outcome.
Outcome | 0 | 2.5 | 4 | 5.5 |
Probability |0.25 | 0.25 | 0.15 | ? |
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All the probabilities of a probability model must have sum 1
0.25 + 0.25 + 0.15 + ? = 1.0
0.65 + ? = 1.0
? = 1.00 - 0.65
? = 0.35
Outcome | 0 | 2.5 | 4 | 5.5 |
Probability |0.25 | 0.25 | 0.15 | 0.35 |
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Find the expected value of the probability model.
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Multiply the value of each outcome by its probability and add them:
E = (0)(0.25)+(2.5)(0.25)+(4)(0.15)+(5.5)(0.35) = 3.15
Edwin