Inactive Tutor answered 10/17/15
Tutor
New to Wyzant
Morgan,
Expected value is the sum individual values after they are multiplied by their probability of occurrence or their weight of you will.
Expected Value = 1(0.1) + 5(0.2) + 7(0.7) = 0.1 + 1.0 + 4.9 = 6
I hope this helps