Exercise · ZW-EXPECTED-VALUE-001 · ★☆☆ Basic

\(X\) takes the values 0, 1 and 2 with probabilities 0.2, 0.5 and 0.3. Compute \(E[X]\).

Choose one option.

Show answer
  • C. \(1.1\)

Explanation

\(E[X]=0(0.2)+1(0.5)+2(0.3)=1.1\). Averaging the three values without weights gives 1, which ignores the probabilities.

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Review the concept: Expected value

The expectation \(E[X]\) of a random variable \(X\) is the average of its possible values, each weighted by its probability.

\[\begin{aligned}E[X]&=\sum_x x\,p(x)\\ E[X]&=\int_{-\infty}^{\infty}x\,f(x)\,dx\end{aligned}\]

More practice problems: expected value

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