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find the expected value (μ) of the random variable with the given proba…

Question

find the expected value (μ) of the random variable with the given probability distribution. do not round your answer.

Explanation:

Step1: Multiply each \(x\) by its \(P\)

$$ LATEXBLOCK0 $$

Step2: Sum up the products

$$0 + 0.5+0.64 + 0.54+0.72+0.5$$
$$=(0.5 + 0.64)+(0.54 + 0.72)+0.5$$
$$=1.14+1.26 + 0.5$$
$$=2.4+0.5$$
$$=2.9$$

Answer:

\(2.9\)