for the following table withe 3different state and corresponding probability, please calculate expected value for X State
Fantastic news! We've Found the answer you've been seeking!
Question:
for the following table withe 3different state and corresponding probability, please calculate expected value for X
State | X var | Probability |
state 1 | 1.2 | 0.4 |
state 2 | 0.8 | 0.4 |
state 3 | -1.4 | 0.2 |
part a:what is the expected value for X
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: