Find the Expected Value $E ( x )$ For the Following Probability Distribution

question 21

Multiple Choice

Find the expected value $E ( x )$ for the following probability distribution. Round your answer to three decimal places. $x$ $-$ 5,000 $-$ 2,500 300 $P ( x )$ 0.012
0.052
0.936

• A)9.529
• B)837.255
• C)8,244.640
• D)700,995.360
• E)90.800

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Definitions:

Summer Season

The warmest period of the year, typically occurring between June and August in the northern hemisphere.

Empathetic Suggestion

Offering advice or recommendations by understanding and sharing the feelings of another person.

Ideal-Self Suggestion

A method that encourages individuals to envision a better version of themselves to motivate behavioral change or decisions.

Direct Suggestion

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