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
https://brainmass.com/statistics/central-tendency/expected-value-of-a-random-variable-102886
Solution Summary
Determination of expected value of a random variable.