1. Math
  2. Statistics And Probability
  3. at a local brokerage firm the following distribution describes the...

Question: at a local brokerage firm the following distribution describes the...

Question details

At a local brokerage firm, the following distribution describes the number of individual stocks that are held in accounts with account values under $20,000: 19% of these accounts hold 2 stocks, 25% of these accounts hold 4 stocks, 22% of these accounts hold 7 stocks, and the remaining accounts hold 10 stocks. What is the average number (expected value) of individual stocks held in accounts under $20,000 in value? (please express your answer using 2 decimal places)

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