Find E(Y), the expected value of Y. Give your answer as a fraction in its simplest form.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...
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A probability distribution for a random variable Y is given by
P(Y=y)=cy, for y=1,2,4,5
and c is a constant.

Find E(Y), the expected value of Y.

Give your answer as a fraction in its simplest form.

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