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