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Mathematics, 13.12.2020 03:00 milkshakegrande101

A company plans a major investment and the amount of profit is uncertain, but researchers give the following estimate for distribution Profit (in millions): 1 : 1.5 : 2 : 4 : 10 : {1 corresponds with 0.1, 1.5 with 0.2 etc}

Probability : 0.1 : 0.2 : 0.4 : 0.2 : 0.1 :

What is the expected value of the profit in millions?

Edit: its 3

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Answers: 3

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A company plans a major investment and the amount of profit is uncertain, but researchers give the f...

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