Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
Using the given discrete distribution, it is found that the expected value is of $863.93.
What is the mean of a discrete distribution?
The expected value of a discrete distribution is given by the sum of each outcome multiplied by it's respective probability.
In this problem, the distribution of costs is given by:
- P(X = 986) = 0.87.
- P(X = 47) = 0.13.
Hence, the expected value is given by:
E(X) = 0.87 x 986 + 0.13 x 47 = $863.93.
More can be learned about discrete distributions at https://brainly.com/question/24855677
#SPJ1
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.
