Computing expected value of probability distribution


It snows a lot in Aspen. Simulate snowfall for first month of snow season. Determine the accumulation.  Plot what the ski run snow cover looks like for this month. Compute the EV of the month's snowfall -- what does this number represent?

Daily Snowfall in the Aspen

Inches Probability
12 0.02
8 0.08
6 0.15
3 0.25
1 0.2
-1 0.15
-3 0.1
-5 0.05

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Basic Statistics: Computing expected value of probability distribution
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