QUESTION IMAGE
Question
- the following table represents the number of points a football team can score on offense per possession with the probability of each. find the expected value of points scored per possession.
- the following table represents the number of points a basketball team can score per possession with the probability of each. find the expected value of points scored per possession.
- the following table represents the number of points a soccer team can score per game played with the probability of each. find the expected value of points scored per game.
- the following table represents the possible money earned or lost on a single parlay bet with the probability of each. find the expected money earned per parlay bet.
Step1: Recall the formula for expected value
The formula for the expected value \( E(X)\) of a discrete random variable is \( E(X)=\sum_{i}x_ip(x_i)\), where \(x_i\) are the values of the random variable and \(p(x_i)\) are their corresponding probabilities.
Step2: Calculate the expected value for problem 6
For problem 6:
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Step3: Calculate the expected value for problem 7
For problem 7:
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Step4: Calculate the expected value for problem 8
For problem 8:
$$
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Step5: Calculate the expected value for problem 9
For problem 9:
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Problem 6: \(3.34\)
Problem 7: \(1.18\)
Problem 8: \(1.85\)
Problem 9: \(-\frac{5}{12}\approx - 0.42\)