Number of apartments the investor


An investor is interested in buying an apartment building containing 6 apartments. The current owner offers the following probability distribution indicating the probability that the given number of apartments will be rented throughout a given month.

Number of Rented Apartments 0 1 2 3 4 5 6
Probability 5/38 9/38 7/38 2/19 3/38 1/19 4/19

Determining the number of apartments the investor could expect to be rented during a given month. (Hint: Find the expected value.)

a) 2.7232

b) 2.7632

c) 2.7432

d) 2.7932

e) 2.7732

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Basic Statistics: Number of apartments the investor
Reference No:- TGS0857703

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