# Mean of a Discrete Probability Distribution

A random sampling of financial analysts was asked to provide forecasts of earnings per share of a corporation's stock for the next year. The results are summarized as follows:

Forecast ($ per share) # Analysts Mi FiMi

$8 < $10 2 Analysts

$10 < $12 3 Analysts

$12 < $14 9 Analysts

$14 < $16 16 Analysts

$16 < $18 4 Analysts

Find the mean earnings per share for this stock, while also filling in the chart for Mi and FiMi.

© BrainMass Inc. brainmass.com June 3, 2020, 10:26 pm ad1c9bdddfhttps://brainmass.com/statistics/probability/mean-discrete-probability-distribution-231505

#### Solution Preview

Using forecast earnings per share, find the mean earnings per share

A random sampling of financial analysts was asked to provide forecasts of earnings per share of a corporation's stock for the next year. The results are summarized as follows:

Forecast ($ per share) # Analysts Mi FiMi

$8 < $10 ...

#### Solution Summary

This solution shows how to find the mean of a discrete probability distribution.