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Econometrics

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Expected Value - Number of Fish Caught

EMETRC-LEGVAY

Suppose the number of fish caught at a local fishing hole in an hour can take on the values of $(0, 1, 2, 3, 4, 5)$ with respective probabilities of $(1/3, 1/6, 1/6, 1/6, 1/12, 1/12)$.

What is the expected value of the number of fish caught, $E(fish)$?

A

$1.75$

B

$1.25$

C

$3.5$

D

$2.25$

E

$2.75$