Oriental Reproductions, Inc.is a company that produces handmade carpets with oriental designs.The production records show that the monthly production has ranged from 1 to 5 carpets.The production levels and their respective probabilities are shown below. The expected monthly production level is
A) 1.00.
B) 4.00.
C) 3.00.
D) 3.84.

Question

Oriental Reproductions, Inc.is a company that produces handmade carpets with oriental designs.The production records show that the monthly production has ranged from 1 to 5 carpets.The production levels and their respective probabilities are shown below.  The expected monthly production level is
A) 1.00. 
B) 4.00. 
C) 3.00. 
D) 3.84.

Quizplus · Accepted Answer

The Answer of Oriental Reproductions, Inc.is a company that produces handmade carpets with oriental designs.The production records show that the monthly production has ranged from 1 to 5 carpets.The production levels and their respective probabilities are shown below.  The expected monthly production level is
A) 1.00. 
B) 4.00. 
C) 3.00. 
D) 3.84.