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The promoter of a stage show is selling tickets at several different prices.The promoter has created the followingdiscrete probability distribution of X, the ticket price
The promoter of a stage show is selling tickets at several different prices.The promoter has created the followingdiscrete probability distribution of X, the ticket price ($):
X- P(X)
79- 0.45
142- 0.45
196- 0.09
321- 0.01
What is the expected value of the ticket price?Please give your answer to two decimal places.Do NOT include units in your answer.
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