Math Problem Statement
Solution
To find the expected value from the table, you multiply each value of by its corresponding probability and then sum up the results. The formula is:
From the table:
The values of are already provided:
Now, summing these up:
So, the expected value is 5.4.
Would you like more details or have any questions?
Here are 5 related questions you might find interesting:
- What is the variance of this probability distribution?
- How is the expected value used in real-life decision making?
- How would the expected value change if one of the probabilities was altered?
- Can expected value be applied to continuous distributions?
- What does it mean if the expected value is not a possible outcome in the dataset?
Tip: Always check if the sum of all probabilities equals 1, as it's a necessary condition for a valid probability distribution.
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Math Problem Analysis
Mathematical Concepts
Probability
Expected Value
Formulas
E(x) = Σ (x * P(x))
Theorems
Law of Large Numbers
Suitable Grade Level
Grades 9-12
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