What Is the Expected Value of the Probability Distribution for the Following

question 43

Multiple Choice

What is the expected value of the probability distribution for the following product
$\begin{array}{|c|c|}\hline \text { Profit}& \text { Estimated probability of Product A } \\\hline £ 300 & 0.1 \\\hline £ 400 & 0.1 \\\hline £ 600 & 0.2 \\\hline £ 600 & 0.2 \\\hline £ 700 & 0.2 \\\hline £ 800 & 0.1 \\\hline£ 900&.01\\ \hline\end{array}$

• A)£700.
• B)£800.
• C)£900.
• D)£600.

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Definitions:

Fiction

A literary genre that involves the creation of stories from the imagination, not necessarily based on factual events.

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, often to suggest a similarity.

Fantasy Theme Analysis

A method of studying and understanding the shared interpretation of events or situations, within a communication context.

Key Elements

Essential components or factors that are crucial for understanding or resolving a particular concept or situation.