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A random variable has the following probability distribution:Probability Outcome0.10 100.80 200.10 60The expected value of the random variable is closest to:A.20.B.23.C.30.

Question

A random variable has the following probability distribution:Probability Outcome0.10 100.80 200.10 60The expected value of the random variable is closest to:A.20.B.23.C.30.

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Solution

The expected value (or mean) of a random variable is calculated by multiplying each possible outcome by its probability, and then summing these values.

Here's how you can calculate it for this problem:

  1. Multiply each outcome by its probability:

    • 0.10 * 10 = 1
    • 0.80 * 20 = 16
    • 0.10 * 60 = 6
  2. Add these values together:

    • 1 + 16 + 6 = 23

So, the expected value of the random variable is 23. Therefore, the correct answer is B. 23.

This problem has been solved

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