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# Mean of a Discrete Probability Distribution

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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.

https://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.

\$2.19