Question: The equation for the expected value of a random variable is: Overall Rating: - E(x) = { x.P(x) The equation for the expected value in

The equation for the expected value of a random variable is:

The equation for the expected value of a random variable is: Overall Rating: - E(x) = { x.P(x) The equation for the expected value in a binomial distribution is: Elx) = np Please give an example of when you would use each of the two equations and explain the specfic differences between your two examples that indicate which equation is necessary

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