Find the expected value of the following probability distribution. Outcome -5 -3 -1 1 3 5...

Question

Question

Find the expected value of the following probability distribution.

Outcome	-5	-3	-1	1	3	5
Probability	0.04	0.06	0.11	0.11	0.22	0.46

math Statistics-And-Probability

Answer 1

Answer #1

Solution :

expected value = X * P(X)

= -5 *0.04 + -3 * 0.06 + -1 * 0.11 + 1 *0.11 + 3 *0.22+5*0.46

= ( -0.2+ -0.18 +-0.11 +0.11+0..66+2.3 )

expected value = 2.58

Answer 2

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