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Answer to Question #333054 in Financial Math for Jullian

Question #333054

Number of Inquiries (X) = 22 , 23 , 24 , 25 , 26 , 27 Probability P(X) = 0.08, 0.19, 0.36, 0.25, 0.07, 0.05 What is the mean? *

1
Expert's answer
2022-04-25T16:09:50-0400

"\\mu=\\sum X\\cdot P(X)=22\\cdot 0.08+23\\cdot 0.19+24\\cdot 0.36+25\\cdot 0.25+26\\cdot 0.07+27\\cdot 0.05=24.19"


Answer: "\\mu=24.19"


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