Question: (a) Compute E(x), the expected value of x. The expected value of a random variable is a measure for the central location. Thus, the

(a) Compute E(x), the expected value of x. The expected value of

(a) Compute E(x), the expected value of x. The expected value of a random variable is a measure for the central location. Thus, the expected value of a random variable is another way to refer to the mean, . Recall the formula the expected value, E(X), of a discrete random variable x. Multiply each value of the random variable by its respective probability and then sum these values. Step 1 It can be helpful to add a column to the given table of information to organize the products of xf(x). Complete the table. x X 4 E(x) = xf(x) f(x) xf(x) 0.25 4(0.25)= 8 0.50 12 0.25 Thus, E(x) = E(x) = xf(x) =

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