Refer to the following probability distribution for profit to answer the question below: What is the expected profit for this distribution?
A)$11,875
B)$46
C)$47.50
D)$48.75
E)none of the above

Question

Refer to the following probability distribution for profit to answer the question below:  What is the expected profit for this distribution?
A)$11,875 
B)$46 
C)$47.50 
D)$48.75 
E)none of the above

Quizplus · Accepted Answer

The Answer of Refer to the following probability distribution for profit to answer the question below:  What is the expected profit for this distribution?
A)$11,875 
B)$46 
C)$47.50 
D)$48.75 
E)none of the above

Refer to the Following Probability Distribution for Profit to Answer