The value of a fraction of a bitcoin tomorrow is a random variable. The probabilities associated with each value is guessed in the following table. Value tomorrow $5 $10 $20 Probability 0.5 0.3 0.2 What is the mean forecast value? Group of answer choices a. 10 b. 7.5 c. 5 d. 9.5

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The value of a fraction of a bitcoin tomorrow is a random variable. The probabilities associated with each
value is guessed in the following table.
Value tomorrow
$5
$10
$20
Probability
0.5
0.3
0.2
What is the mean forecast value?
Group of answer choices
a. 10
b. 7.5
c. 5
d. 9.5
Transcribed Image Text:The value of a fraction of a bitcoin tomorrow is a random variable. The probabilities associated with each value is guessed in the following table. Value tomorrow $5 $10 $20 Probability 0.5 0.3 0.2 What is the mean forecast value? Group of answer choices a. 10 b. 7.5 c. 5 d. 9.5
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