Math Problem Statement
Calculate the expected values μX and μY based on the provided probability distributions for X and Y. Round to two decimal places.
Solution
To calculate and , we need to find the expected values for and , which represent the average number of weeks for each step based on their probability distributions.
Step 1: Calculate
The expected value is calculated using: Using the values from the table:
- For :
- For :
- For :
So,
Thus, .
Step 2: Calculate
Similarly, the expected value is calculated as: Using the values from the table:
- For :
- For :
- For :
- For :
- For :
So,
Thus, .
Final Answers
Would you like more details or have any questions on these calculations?
Here are some additional questions to consider:
- What is the variance for and in this scenario?
- How would the expected time change if one of the probabilities increased?
- What happens to if the probability for becomes 0.5?
- How can these expectations influence project planning?
- If we combine both steps, what is the total expected time for the process?
Tip: Expected value calculations are often the basis for project timelines and resource planning, as they provide a probable estimate for completion time.
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Math Problem Analysis
Mathematical Concepts
Probability
Expected Value
Formulas
Expected value formula: μ = Σ(X * P(X))
Theorems
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Suitable Grade Level
Grades 11-12