document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=558562>Question 558562</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Give the outcome values 3,8, and 10 and the corresponding probabilities 0.30,0.45, and 0.25, find the expected value? dont understand<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #363143 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=363143\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Give the outcome values 3,8, and 10 and the corresponding probabilities 0.30,0.45, and 0.25, find the expected value? <BR>\n" );
document.write( "To determine expected value:<BR>\n" );
document.write( "1st: multiply each of the outcome values by its probability.<BR>\n" );
document.write( "2nd: add those products to get the expected value.<BR>\n" );
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document.write( "E(x) = 3(0.3) + 8(0.45) + 10(0.25) = 7<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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