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.

---

Definitions:

Self-Appraisals

The process by which an employee assesses their own job performance, strengths, and areas for improvement.

Self-Assessments

The process by which individuals evaluate their own performance, skills, and qualities, often as part of personal development or performance appraisal processes.

Performance Appraisal

A process by which a manager or consultant evaluates and provides feedback on an employee's work performance.

Alternation Ranking

A method used in job evaluation where jobs are ranked based on alternating highest and lowest demands for certain criteria.