Mathematics, 30.03.2020 15:13 xaguilar
An investor is interested in purchasing an apartment building containing six apartments. The current owner provides the following probability distribution indicating the probability that the given number of apartments will be rented during a given month.
Number of Rented Apartments 0 1 2 3 4 5 6
Probability 5/38 9/38 7/38 2/19 3/38 1/19 4/19
Find the number of apartments the investor could expect to be rented during a given month. (Hint: Find the expected value.)
a) 2.7232 b) 2.7632 c) 2.7432 d) 2.7932 e) 2.7732
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