Mathematics, 13.12.2020 03:00 milkshakegrande101
A company plans a major investment and the amount of profit is uncertain, but researchers give the following estimate for distribution
Profit (in millions): 1 : 1.5 : 2 : 4 : 10 : {1 corresponds with 0.1, 1.5 with 0.2 etc}
Probability : 0.1 : 0.2 : 0.4 : 0.2 : 0.1 :
What is the expected value of the profit in millions?
Edit: its 3
Answers: 3
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