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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What do you understand by Mathematical expectation? - Business Mathematics and Statistics

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Question

What do you understand by Mathematical expectation?

Sum
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Solution

The expected value of a random variable gives a measure of the center of the distribution of the variable.

In other words,

E(X) is the long-term average value of the variable.

The expected value is calculated as a weighted average of the values of a random variable in a particular experiment.

The weights are the probabilities.

The mean of the random variable X is µX = E(X).

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Mathematical Expectation
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Chapter 6: Random Variable and Mathematical expectation - Exercise 6.2 [Page 141]

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Samacheer Kalvi Business Mathematics and Statistics [English] Class 12 TN Board
Chapter 6 Random Variable and Mathematical expectation
Exercise 6.2 | Q 8 | Page 141
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