Math Problem Statement
Find the expected value E(X) of the following data. Round your answer to one decimal place.
x 3 4 5 6 7 P(X=x) 0.1 0.3 0.3 0.1 0.2
Solution
To find the expected value , we use the formula for the expected value of a discrete random variable:
Where:
- are the values of the random variable,
- is the probability associated with each value of .
From the given data:
Now, calculate :
So, the expected value is 5.0.
Let me know if you need more details or if you have any questions!
Related questions:
- What is the variance of the distribution for this data?
- How would the expected value change if the probability distribution was different?
- Can the expected value ever be outside the range of the given values of ?
- What is the standard deviation of this data set?
- How would you calculate the expected value if the probabilities were given as percentages instead of decimals?
Tip: The expected value gives a "weighted average" of all possible values, accounting for how likely each value is to occur.
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Math Problem Analysis
Mathematical Concepts
Probability
Expected Value
Discrete Random Variables
Formulas
E(X) = Σ x * P(X=x)
Theorems
Expected Value Theorem
Suitable Grade Level
Grades 9-11
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