0
if the two events are independent of each other:
(0.45)$55,000 + (0.3)$40,000 + (0.15)$15,000 + $0 = $34,500
This was achieved by adding the expected amount received each of the four outcomes: both receptions((0.6*0.75)(15,000+40,000) = 0.45($55,000), Either outcome ( 0.6(1-0.75)($15,000) or 0.75(1-0.6)($40,000)) and neither outcome((1-0.6)(1-0.75)(0)).
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The expected value is what kind of aspect of how probability distribution is characterized?
Expected value is the outcome of confidence of how probability distribution is characterized. If the expected value is greater than the confidence interval then the results are significant.
What is the formula for expected frequency?
You need to know the probability of the event in question. Then the expected frequency for that event occurring is that probability times the number of times the experiment was repeated.
A probability found as a result of an experiment?
Probability determined as part of an experiment is called experimental probability. Probability determined by analysis of all of the possible and expected outcomes is called theoretical probability.
How is the chi-square test used in genetic analysis?
Because Chi-squares are used to analyze and compare observed frequencies to expected frequencies, they can help trace the probability of an offspring receiving a certain phenotype and genotype from their parents.
Relation between expected return in real life and probability?
no
What is the meaning of expected value in a probability distribution?
The expected value is the average of a probability distribution. It is the value that can be expected to occur on the average, in the long run.
Are the offspring in a Punnett square real or expected?
Expected based on probability.
The expected value is what kind of aspect of how probability distribution is characterized?
Expected value is the outcome of confidence of how probability distribution is characterized. If the expected value is greater than the confidence interval then the results are significant.
What is the formula for expected frequency?
You need to know the probability of the event in question. Then the expected frequency for that event occurring is that probability times the number of times the experiment was repeated.
A probability found as a result of an experiment?
Probability determined as part of an experiment is called experimental probability. Probability determined by analysis of all of the possible and expected outcomes is called theoretical probability.
How is the chi-square test used in genetic analysis?
Because Chi-squares are used to analyze and compare observed frequencies to expected frequencies, they can help trace the probability of an offspring receiving a certain phenotype and genotype from their parents.
Relation between expected return in real life and probability?
no
Using the probability If 400 people walk through the door in a month what is your total expected profit?
Using probability If 400 people walk through the door in a month what is your total expected profit?
A contractor is considering a sale that promises a profit of 36000 with a probability of 0.7 or a loss of 6000 with a probability of 0.30 What is the expected profit?
expected profit should be : 0.7($36,000) - 0.3($6,000) = $23,400
What is the experimental probability that a piece of paper randomly drawn from the bowl will have the number 35 written on it?
To get the EXPERIMENTAL probability, you'll have to actually carry out the experiment. The EXPECTED probability is equal to a fraction; the numerator will be the number of pieces of papers that have the number 35, the denominator will be the total number of pieces. If you repeat the experiment often, you can expect the experimental probability to be close to the expected probability.
What is The mean of a discrete probability distribution is also called the?
The mean of a discrete probability distribution is also called the Expected Value.
Do you divide to find the probability?
Yes, you divide the number of expected outcomes by the number of possible outcomes in order to determine probability.
