The expected value is 3 true or false Given the following di

Given the following distribution: Click here to view an Excel version of this table.) Value of Random Variable Probability utcome 4 2 The expected value is 3. (Points : 2) True False 12. A seasonal index of 1 means that the season is average. (Poi True

Solution

Expected value will be = 1*0.4 + 2*0.3 + 3*0.2 + 4*0.1 = 2

the expected value is not 3

so it is false