SOLUTION: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 20 0.03 16 0.24 9 0.28 6 0.03 10 0.42 Round to 3 decimal places as needed.

Algebra ->  Probability-and-statistics -> SOLUTION: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 20 0.03 16 0.24 9 0.28 6 0.03 10 0.42 Round to 3 decimal places as needed.       Log On


   

Question 1167561: Given the following probability distribution, what is the expected value?
Outcome P(Outcome)
20 0.03
16 0.24
9 0.28
6 0.03
10 0.42
Round to 3 decimal places as needed.
Answer by ikleyn(52783) About Me  (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 (!)