A person runs one mile to his house as fast as he can. It is equally likely that he will run at an average speed of 3 miles per hour, 6 miles per hour, and 9 miles per hour.
What is the e-value of your distribution of the time it will take this person to get home?
Multiple choice answers:
a) 8 minutes
b) 10 minutes
c) 12 minutes
d) 14 minutes
The following problem demonstrates the logic and process for solving for the e-value of a distribution.