Probability as Expectation Math Example 3
Follow the full solution, then compare it with the other examples linked below.
Example 3
easyA school expects 15% of students to be absent on any given day. If there are 300 students, how many absences are expected?
Solution
- 1 Expected count students
- 2 The school should plan for approximately 45 absences per day on average
Answer
Expected absences students per day.
The expected count formula translates a probability into a practical count. School administrators, hospitals, and businesses routinely use expected values for staffing, inventory, and resource planning.
About Probability as Expectation
Probability can be interpreted as the long-run relative frequency of an event over infinitely many identical trials of a random experiment.
Learn more about Probability as Expectation โMore Probability as Expectation Examples
Example 1 easy
A basketball player makes free throws with probability 0.75. In 200 free throws, how many do we expe
Example 2 mediumA game has three outcomes: win [formula]0 (prob 0.5), lose $5 (prob 0.3). Calculate the expected val
Example 4 hardAn insurance company charges [formula]10,000 if the insured event occurs (probability 0.01) and $0 o