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

question 34

Essay

What is the expected value of the probability distribution for the following product? $$\begin{array} { | l | c | } \hline N P V & \text { Estimated probability of Product Alpha } \\\hline £ 4,500 & 0.1 \\\hline £ 6,000 & 0.1 \\\hline £ 7,500 & 0.2 \\\hline £ 9,000 & 0.2 \\\hline £ 10,500 & 0.2 \\\hline £ 12,000 & 0.1 \\\hline £ 13,500 & 0.1 \\\hline\end{array}$$

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Definitions:

Schizotypal Personality Disorder

A disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.

Antidepressants

Medications primarily used for treating depression but may also be used for other conditions, affecting neurotransmitters in the brain.

Distress

Negative stress that results from being exposed to stressors, leading to physical or psychological discomfort.

Schizotypal Personality Disorder

A mental disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.