The expectation value is given by:
In this case we just have two options, each with probability 1/2, and the values of x are 2 and 9; then we have:
Therefore, the expectation is $6.5
Let n=0.222…
1 answer:
You might be interested in
The expectation value is given by:
In this case we just have two options, each with probability 1/2, and the values of x are 2 and 9; then we have:
Therefore, the expectation is $6.5