jesusofAngels jesusofAngels
  • 12-07-2016
  • Mathematics
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may someone help me on this

may someone help me on this class=

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olemakpadu
olemakpadu olemakpadu
  • 12-07-2016
Expectation = Sum of (item * Probability)

Expectation in this case:

$0*0.70 + $20000*0.16 + $40000*0.07 + $60000*0.05 + $80000*0.01 + $100000*0.01  = $ 10800
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