Suppose that the PDF for the number of years it takes to earn a Bachelor of Science (B.S.) degree is given as in the table below. x P(x) 3 0.05 4 0.40 5 0.15 6 0.30 7 0.10 On average, how many years do you expect it to take for an individual to earn a B.S.? (Enter your answer to two decimal places.)  years

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 11T: Suppose that $12,000 is invested in a saving account paying 5.6% interest per year. (a)Write the...
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Suppose that the PDF for the number of years it takes to earn a Bachelor of Science (B.S.) degree is given as in the table below.

x P(x)
3 0.05
4 0.40
5 0.15
6 0.30
7 0.10

On average, how many years do you expect it to take for an individual to earn a B.S.? (Enter your answer to two decimal places.)
 years

 
 
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