A survey conducted by a song rating service finds that the percentages of listeners familiar with "Poker Face" by Lady Gaga who would give the song ratings of 5, 4, 3, 2, and 1 are, respectively, 43 percent, 21 percent, 22 percent, 7 percent, and 7 percent. Assign the numerical values 1, 2, 3, 4, and 5 to the (qualitative) ratings 1, 2, 3, 4, and 5 and find an estimate of the probability distribution of x = this song's rating by a randomly selected listener who is familiar with the song. Find the expected value of the estimated probability distribution. (Round your answer to 2 decimal places.) μx I

A survey conducted by a song rating service finds that the percentages of listeners familiar with "Poker Face" by Lady Gaga who would give the song ratings of 5, 4, 3, 2, and 1 are, respectively, 43 percent, 21 percent, 22 percent, 7 percent, and 7 percent. Assign the numerical values 1, 2, 3, 4, and 5 to the (qualitative) ratings 1, 2, 3, 4, and 5 and find an estimate of the probability distribution of x = this song's rating by a randomly selected listener who is familiar with the song. Find the expected value of the estimated probability distribution. (Round your answer to 2 decimal places.) μx I

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Solve it correctly please. I will rate with 2-3 votes.