Exhibit 5-5
AMR is a computer-consulting firm. The number of new clients that they have obtained each month has ranged from 0 to 6. The number of new clients has the probability distribution that is shown below.
-Refer to Exhibit 5-5. The expected number of new clients per month is
A)6
B)0
C)3.05
D)21

Question

Exhibit 5-5
AMR is a computer-consulting firm. The number of new clients that they have obtained each month has ranged from 0 to 6. The number of new clients has the probability distribution that is shown below. 
-Refer to Exhibit 5-5. The expected number of new clients per month is
A)6 
B)0 
C)3.05 
D)21

Quizplus · Accepted Answer

To find the expected value, we need to multiply each possible outcome by its probability and then add them up. Therefore, expected value = (0)(0.1) + (1)(0.15) + (2)(0.2) + (3)(0.35) + (4)(0.15) + (5)(0.05) + (6)(0.01) = 3.05. Therefore, the correct choice is (C).

Exhibit 5-5 AMR Is a Computer-Consulting Firm. the Number of New Clients