
Mitiku D. answered 10/17/15
Tutor
4.9
(205)
Electrical Engineer, Patient and Objective
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