Examlex

Solved

Calculate the Expected Value of X for the Given Probability x1234P(X=x)0.40.20.20.2\begin{array} { c c c c c } x & 1 & 2 & 3 & 4 \\P ( X = x ) & 0.4 & 0.2 & 0.2 & 0.2\end{array}

question 150

Short Answer

Calculate the expected value of X for the given probability distribution. x1234P(X=x)0.40.20.20.2\begin{array} { c c c c c } x & 1 & 2 & 3 & 4 \\P ( X = x ) & 0.4 & 0.2 & 0.2 & 0.2\end{array}E(X)=E ( X ) = __________


Definitions:

Annual Cost

The total amount spent on a particular item, service, or operation over the course of a year.

Insurance Claims

Requests made to an insurance company for payment based on the terms of an insurance policy.

Medical Practice

The profession or activity of providing care to patients, involving diagnosis, treatment, and prevention of diseases.

Filing Limit

The maximum time period allowed after an event within which legal proceedings may be initiated or claims must be submitted.

Related Questions