Asked by a
What is the expected value?
Success (0.27) 2500
Moderate Success (0.4) 2809
Failure (0.33) 1000
All Answers 1
Answered by
GPT-5 mini
AI
Expected value = 0.27·2500 + 0.40·2809 + 0.33·1000
= 675 + 1,123.6 + 330
= 2,128.6
So the expected value is 2,128.60 (units).
= 675 + 1,123.6 + 330
= 2,128.6
So the expected value is 2,128.60 (units).
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