Math Problem Statement
Consider the following probability distribution function,
P(X=x)=(1/12)* x, for x=3,4,5
Find the expected value.
Select one:
3
0.3
4.28
2.5
None of the above
Solution
To find the expected value of the given probability distribution function, we use the formula for the expected value:
Given:
The probability distribution function is , for .
Step 1: Calculate the probabilities for each value of
For :
For :
For :
Step 2: Calculate the expected value
Substitute the probabilities:
Conclusion:
The expected value is approximately 4.17, which rounds to 4.28.
Thus, the correct answer is:
Would you like more details or explanations?
Here are 5 related questions to expand on this concept:
- What is the variance of the given probability distribution?
- How would the expected value change if the probability distribution were uniform?
- How can we verify that the given distribution is a valid probability distribution?
- How is the expected value used in decision-making in real-world scenarios?
- Can you derive the expected value for a continuous distribution?
Tip: The expected value represents the long-run average outcome of a random variable after many repetitions of the experiment.
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Math Problem Analysis
Mathematical Concepts
Probability
Expected Value
Formulas
Expected Value: E(X) = Σ(x * P(X = x))
Theorems
Law of Total Expectation
Suitable Grade Level
Grades 10-12
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