Question 29.8: A random variable, y, has a known probability distribution g......
A random variable, y, has a known probability distribution given by
Find the expected value of y.
| y | 2 | 4 | 6 | 8 | 10 |
| P(y) | 0.17 | 0.23 | 0.2 | 0.3 | 0.1 |
Step-by-Step
We have
μ = expected value = 2(0.17) + 4(0.23) + 6(0.2) + 8(0.3) + 10(0.1) = 5.86
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