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What Is the Expected Value of the Probability Distribution for the Following

Question 43

Multiple Choice

What is the expected value of the probability distribution for the following product
 Profit Estimated probability of Product A £3000.1£4000.1£6000.2£6000.2£7000.2£8000.1£900.01\begin{array}{|c|c|}\hline \text { Profit}& \text { Estimated probability of Product A } \\\hline £ 300 & 0.1 \\\hline £ 400 & 0.1 \\\hline £ 600 & 0.2 \\\hline £ 600 & 0.2 \\\hline £ 700 & 0.2 \\\hline £ 800 & 0.1 \\\hline£ 900&.01\\ \hline\end{array}


A) £700.
B) £800.
C) £900.
D) £600.

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