Calculate the expected value of x

Assignment Help Basic Statistics

Reference no: EM13828652

Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where "a" and "b" need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. The following data were obtained from a survey of college students. The variable X represents the number of non-assigned books read during the past six months.

x 0 1 2 3 4 5 6
P (X=x) 0.55 0.15 0.10 0.10 0.04 0.03 0.03

What is the expected value of X? Place your answer, rounded to two decimal places.

Additional Information

This question based on the Statistics and it is about calculating the expected value of X. The data is about a survey on college students reading non-assigned books.

Word limit 60

Reference no: EM13828652

Questions Cloud

What is the risk-neutral probability : A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 13% or down by 7%. The risk-free interest rate is 6%. What is the risk-neutral probability that the stock price will increase each period?

Implementing hr functions in an organization : You are a specialized advising team from the highly successful Human Resource Consultancy Company known as "On-Target Consulting".

Price the put with binomial trees : Consider a 3-month European put option on a non-dividend-paying stock, where the stock price is $60, the strike price is $60, the risk-free rate is 3% per annum. Stock price will either move up by 10% or down by 5%, every month. Price the put with bi..

What is the crossover rate : You are analyzing the following two mutually exclusive projects and have developed the following information. What is the crossover rate?

Calculate the expected value of x : Calculate The Expected Value of X

Why you think information security is important : You are applying for a job as the Chief Information Officer at Nitro Hardware Company. The application requires you to compose a report on why you think information security is important and discuss at least five emerging threats to information se..

After the layoffs by suzy wetlaufer : Case Study: After The Layoffs by Suzy Wetlaufer

Tackling workplace bullying on social media platforms : Project Scenario: You are working as a graduate in the 'X-Com IT' Project Management Office. The 'X-Com IT' company is committed to delivering quality projects to its clients and treating their employees and customers in an ethical, open and hones..

Calculate probability in normal distribution : Calculate Probability in Normal Distribution and Standard Scores in a Random Variable

User Account

All Pages