question archive Harrington Health foods stocks 5 loaves of Neutro-bread

Harrington Health foods stocks 5 loaves of Neutro-bread

Subject:StatisticsPrice:2.87 Bought7

Harrington Health foods stocks 5 loaves of Neutro-bread. The probability distribution for the sales of Neutro-bread is listed in following table. How many loaves will Harrington sell on average?

                                Number of Loaves Sold                                                                        Probabiltiy    

                                                   0                                                                                              0.05

                                                   1                                                                                              0.15

                                                   2                                                                                              0.20

                                                   3                                                                                               0.25

                                                   4                                                                                              0.20

                                                   5                                                                                              0.15   

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Answer:

xP(x)x?P(x)
0 0.05 0
1 0.15 0.15
2 0.2 0.4
3 0.25 0.75
4 0.2 0.8
5 0.15 0.75
sum 1.00 2.85.
E(X)=?x?P(x)=2.85.
So Harrington sell on average 2.85?3 loaves.

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