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    Expected Value of a Random variable

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    Harrington Health Food stocks 5 loaves of Neutro-Bread. The probability distribution for the sales of Neutro-Bread is listed in the following table. How many loaves will Harrington sell on average?

    Number of Loaves Sold Probability
    0 .05
    1 .15
    2 .20
    3 .25
    4 .20
    5 .15

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    Solution Summary

    Determination of expected value of a random variable.