A shopkeeper wants to check the average number of cars sold per call. Past record of sales is shown below :
The expected number of cars sold is : |
0.5 1.2 1.6 2.4 |
1.2 |
Given distribution $X:0,1,2,3$ $P(X):\frac{1}{6},\frac{1}{2},\frac{3}{10},\frac{1}{30}$ Expected value $E(X)=\sum xP(X)$ $E(X)=0\cdot\frac{1}{6}+1\cdot\frac{1}{2}+2\cdot\frac{3}{10}+3\cdot\frac{1}{30}$ $=\frac{1}{2}+\frac{6}{10}+\frac{3}{30}$ $=\frac{1}{2}+\frac{3}{5}+\frac{1}{10}$ Convert to denominator $10$ $=\frac{5}{10}+\frac{6}{10}+\frac{1}{10}$ $=\frac{12}{10}=\frac{6}{5}$ $=1.2$ The expected number of cars sold is $\frac{6}{5}$ (or $1.2$). |