Math Problem Statement
Find the expected value of the above random variable.
Solution
To find the expected value of a random variable, you multiply each score by its corresponding probability and then sum up the products. The formula is:
Where are the scores and are their corresponding probabilities.
From the table:
- For
- For
- For
- For
- For
Now, calculate:
The expected value of the random variable is 4.99.
Do you have any questions or need further clarification?
Related Questions:
- What is the significance of expected value in probability theory?
- How would the expected value change if the probabilities were altered?
- Can the expected value ever be negative?
- What are real-world examples where expected value calculations are used?
- How is the variance calculated for a discrete random variable?
Tip:
Always verify that the sum of probabilities equals 1 to ensure the calculations are based on a valid probability distribution.
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Math Problem Analysis
Mathematical Concepts
Probability
Expected Value
Random Variables
Formulas
E(X) = Σ(x_i * P(x_i))
Theorems
Law of Total Expectation
Suitable Grade Level
Grades 9-12