If the probability distribution for the random variable X is given in the table, what is the
Question:
If the probability distribution for the random variable X is given in the table, what is the expected value of X?
Transcribed Image Text:
Xi Pi -3 .3 0 .5 4 .2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To find the expected value of the random variable X we can use the formula Expected ...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
College Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780321945518
13th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen
Question Posted:
Students also viewed these Mathematics questions
-
If the probability distribution for the random variable X is given in the table, what is the expected value of X? X Pi -2 .1 1 .2 0 .4 1 .2 2 .1
-
Journeyman Petra works on a water wave with cutting 55 minutes, trainee Peter the remaining 45 minutes. Petra receives an hourly wage of EUR 11.24; Peter gets 3.29 EUR per hour. The overhead rate is...
-
Use the following portfolio information to answer question (use 2 decimals i.e. 6.25%): Assets Portfolio Allocation% Expected Rate of Expected Standard Deviation Return Risk-Free Assets T-Bills Risky...
-
As we continue our discussions regarding revenue's associated with public sector, this will help reinforce some of the ideas regarding taxes on goods and services. Through the next week, save your...
-
Strathcona Paper rewards its managers on the basis of the after-tax return on investment of the assets that they managethe higher the reported return on investment, the higher the reward. The company...
-
Show how all possible G-sets, up to isomorphism (see Exercise 9), can be formed from the group G. Let X be a transitive G-set, and let x 0 X. Show that X is isomorphic (see Exercise 9) to the G-set...
-
Recall that Life Fitness had estimated \($1,000,000\) of MOH for the year and 62,500 DL hours, resulting in a predetermined MOH rate of \($16/DL\) hour. By the end of the year, the company had...
-
The following are several transactions and events that might be disclosed on a companys statement of cash flows: 1. Issuance of common stock 2. Purchase of building 3. Net income 4. Increase in...
-
14.An equi-concave lens of radius of curvature 15 cm and = 1.5 is placed in water (=1.33). If one surface is silvered, then image distance from lens when an object is placed at distance of 14 cm from...
-
Find the probabilities in Problems 712 by referring to the tree diagram below. Start .6 4 M N .8 .2 .3 .7 -A B A B
-
A spinning device has 5 numbers, 1, 2, 3, 4, and 5, each as likely to turn up as the other. A person pays $3 and then receives back the dollar amount corresponding to the number turning up on a...
-
Discuss the main advantages of payroll outsourcing.
-
You have an income statement and balance sheet of your company and are interested in the impact of the operational change measured in terms of time, defects, or labor hours made into the financial...
-
In the following Figure, label the majority carriers, minority carriers, depletion region, and the direction of the electric field, and draw the voltage barrier underneath.
-
Write the output Q for each the following Logic Gates Diagram I- A. B II- ABC 0
-
Examine the financial reports uploaded below. Question: Review the profit and loss statements, cash flows, and aging summaries. Be sure to include which areas were most and least profitable, why you...
-
Beach Wear had Total Sales last year of $360,388, and ended the year with $225,223 in Total Assets. The Income Statement shows that Net Income was $22,027 for the year, and that the firm paid out 50%...
-
Worldwide Publishing completed the following transactions for one subscriber during 2012: Oct 1 Sold a one-year subscription, collecting cash of $2,400, plus sales tax of 9%. Nov 15 Remitted (paid)...
-
Why is the national security argument for tariffs questionable?
-
The intelligence quotient Q for a person with mental age x and chronological age y is given by In a group of sixth-graders, the mental age varies between 8 and 16 years and the chronological age...
-
In Problem find the indicated function or value if C(x, y) = 3x 2 + 10xy - 8y 2 + 4x - 15y - 120. C xx (x, y)
-
The floor of an art museum gallery is the region bounded by x = 0, x = 40, y = 0, and y = 50 - 0.3x. The ceiling lies on the graph of f(x, y) = 25 - 0.125x. (Each unit on the x, y, and z axes...
-
Applying Differential Analysis to Alternative Profit Scenarios Epson produces color cartridges for inkjet printers. Suppose cartridges are sold to mail-order distributors for $5.20 each. Total fixed...
-
how we define abstract writing in detail?
-
write a 1 to 2 page essay paper that discusses the topic below. Your paper should be in APA format with viable sources to solidify your thoughts presented. Your references must not be more than 5...
Study smarter with the SolutionInn App