Each day there is a chance (lets say for this example 15%) i get 500 euros over 5 days (this means 100 euro each day for the next 5 days that this will happen) How can i calculate the Average Income per Day for this probability? My thinking was :
1st day :IncomeChance * Amount /5 -> 0,15 *500 /5 = 15euro
2nd day : 2 * IncomeChance * Amount /5 -> 2* 0,15 *500 /5 = 30 euro
...
5th day : IncomeChance * Amount -> 0,15 *500 /5 = 75 euro
and from 5th day and over this stays as IncomeChance * Amount.
Can i include all the above in one result?
thank you