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

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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(52772) About Me  (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  ( ! )