Math Problem Statement
Solution
The problem asks for the expected value of a discrete random variable given its probabilities and scores. The table contains probabilities and corresponding scores, and the expected value is calculated as:
Where is the probability and is the score.
Let’s compute the expected value using the given dataThe problem asks for the expected value of a discrete random variable given its probabilities and scores. The table contains probabilities and corresponding scores, and the expected value is calculated as:
Where is the probability and is the score.
Let’s compute the expected value using the given
Probability | Scores |
---|---|
0.16 | 1 |
0.23 | 2 |
0.10 | 6 |
0.17 | 9 |
0.07 | 11 |
0.26 | 12 |
0.01 | 13 |
Now I will compute the expected value .The expected value of the given random variable is approximately , not , which means the previous result entered was incorrect.
Do you want further details or have any questions?
Here are some related questions to expand on this topic:
- What does the expected value represent in the context of probability?
- How would you compute the variance for this random variable?
- Can the expected value be negative? If yes, in which situations?
- How do you interpret the expected value in real-world situations?
- How does the law of large numbers relate to expected value?
Tip: The expected value is often considered the "long-run average" outcome of a random variable.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Probability
Expected Value
Discrete Random Variables
Formulas
E(X) = Σ(P(X_i) * X_i)
Theorems
-
Suitable Grade Level
Grades 10-12