Examlex

Solved

Interpret the Mean of a Discrete Random Variable as an Expected

question 79

Multiple Choice

Interpret the Mean of a Discrete Random Variable as an Expected Value
-A local bakery has determined a probability distribution for the number of cheesecakes that they sell in a given day. The distribution is as follows:
 Number sold in a day 05101520 Prob (Number sold)  0.10.150.190.160.4\begin{array}{l|ccccc}\text { Number sold in a day } & 0 & 5 & 10 & 15 & 20 \\\hline \text { Prob (Number sold) } & 0.1 & 0.15 & 0.19 & 0.16 & 0.4\end{array}

Find the number of cheesecakes that this local bakery expects to sell in a day.


Definitions:

Group Decisions

Determinations made collectively by multiple individuals, often leading to outcomes that reflect the group's consensus or majority.

Participate

To take part or become involved in an activity or event.

Job Satisfaction

The level of contentment employees feel towards their work, influenced by factors such as work environment, compensation, and job nature.

Performance

The level at which an individual, group, or organization executes tasks or obligations, often measured against predetermined standards.

Related Questions