Question: Expected Value Problem A cell phone contract charges a flat monthly fee of $45 per month, with extra charges if you exceed the monthly data

Expected Value Problem A cell phone contract charges a flat monthly fee of $45 per month, with extra charges if you exceed the monthly data limit The flat fee provides up to 6 GB of data usage per month, and charges an extra $17 per GB used beyond 6 (Unused data cannot be carried over into the next month)

My data usage varies from month to month according the probability distribution shown below

GB Used: 4 5 6 7 8

Probability: 0.2 0.3 0.3 0.1 0.1

GB used 4 5 6 7 8
Probability 0.2 0.3 0.3 0.1 0.1 EMV
4
5
6
7
8

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