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)