Suppose the expected value of X is 19; and the expected value of Y is 65. What is the expected value of (0.03*X + 0.97*Y)? (Please round to two decimal places: ex: 12.34)

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.3: Special Probability Density Functions
Problem 28E
icon
Related questions
Question

Suppose the expected value of X is 19; and the expected value of Y is 65. What is the expected value of (0.03*X + 0.97*Y)? (Please round to two decimal places: ex: 12.34)

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax