Share
Explore BrainMass

Expected Value of a Random variable

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

Solution Summary

Determination of expected value of a random variable.

$2.19