Set up the calculation for the expected grade in terms of

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Reference no: EM13576470

Question: The distribution of grades in a large statistics course is as follows.

Outcome: Grade

Outcome: Numerical Value for the Grade

Probability

A

4.0

.3

B

3.0

.3

C

2.0

.2

D

1.0

.1

F

0.0

.1

Total

 

1.0

a. Set up the calculation for the expected grade in terms of numerical value for the grade.

b. What does the quantity in a above represent? Explain.

Reference no: EM13576470

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