If the average profit earned on models A,B, and C is 60, 75, and 40, respectively what is the expected value of the profit earned on all models?

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asked Aug 1, 2019 78.6k views

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Abimaran Kugathasan · Answer 1 · 2019-08-06T15:25:38+0000

The expected value of a certain quantity is equal to the average of the same quantity.

Therefore the expected values of models A, B and C are 60,75 and 40 respectively.

If the average profit earned on models A,B, and C is 60, 75, and 40, respectively what is the expected value of the profit earned on all models?

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