Find the Expected Value

question 20

Multiple Choice

Find the expected value.
-A new light bulb has been found to have a 0.02 probability of being defective.A shop owner receives 500 bulbs of this kind.How many of these bulbs are expected to be defective?

• A)10
• B)100
• C)20
• D)500

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Definitions:

Industrial Accident

An unexpected and unplanned event in an industrial setting resulting in injury, illness, or damage.

Labor Market

Refers to the supply and demand for labor, where employees provide the supply and employers the demand.

High-Speed Blenders

Advanced blending machines designed to operate at very high speeds, providing efficient and thorough mixing of ingredients.

Marginal Productivities

The additional output derived from the addition of one more unit of a factor of production, keeping all other inputs constant.