Answer:
The mean is [tex]\mu = 69.25[/tex]
Step-by-step explanation:
We are given the following distribution:
P(x = -500) = 0.076
P(x = -250) = 0.191
P(x = 0) = 0.265
P(x = 250) = 0.316
P(x = 500) = 0.152
Find the mean, µ for the probability distribution.
To find the mean, we multiply each outcome by its probability. So
[tex]\mu = -500*0.076 - 250*0.191 + 0*0.265 + 250*0.316 + 500*0.152 = 69.25[/tex]
The mean is [tex]\mu = 69.25[/tex]
