X 47 -582
p(x) ? 0.06
Complete the table and calculate the expected profit for the company. In other words, find the expected value of X.
Answer: See explanation!
Step-by-step explanation:
To complete the table, we need to calculate the probability of the item not breaking. Since the proportion of items that break is 0.06, the proportion of items that do not break is 1 - 0.06 = 0.94.
Now we can fill in the table:
X | -582 | 47
p(x) | 0.06 | 0.94
To calculate the expected profit for the company, we multiply each outcome by its corresponding probability and sum the results:
Expected profit = (-582) * 0.06 + 47 * 0.94
Calculating this expression, we find that the expected profit for the company is approximately $3.92.
Therefore, the expected value of X, the random variable representing the profit for the company, is $3.92.
Step-by-step explanation:
Answer:
i think it is undefined
Step-by-step explanation:
A. always
B. somtimes
C. never