expected number of discrete random variable
Statistical Calculations for Initiation into the Cardinal Club
July 9, 2019Descriptive Statistics
July 9, 2019The Ramshead Pub sells a large quantity of beer every Saturday. From the past sales records the pub has determined the following probabilities for sales. Compute the expected number of barrels that will be sold on Saturday.
Barrels Probability
6 .10
7 .20
8 .40
9 .25
10 .05
The solution shows detailed calculation of expected value of barrels of beer that will be sold on Saturday.
