Given the following probability distribution, what is the expected value? Outcome P(Outcome) 8 0.07 16 0.21 0.21 33 0.13 28 0.26 19 0.12 Round to 2 decimal places as needed Your Answer:

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
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Given the following probability distribution, what is the expected value?
Outcome P(Outcome)
8.
0.07
16
0.21
0.21
33
0.13
28
0.26
19
0.12
Round to 2 decimal places as needed
Your Answer:
Transcribed Image Text:Given the following probability distribution, what is the expected value? Outcome P(Outcome) 8. 0.07 16 0.21 0.21 33 0.13 28 0.26 19 0.12 Round to 2 decimal places as needed Your Answer:
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