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16 August, 22:49

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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  1. 17 August, 01:32
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    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.
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