STEP-BY-STEP ANSWER:
Step 1: Multiply each outcome by its corresponding probability: (1×0.2), (2×0.5), and (3×0.3).
Step 2: Compute these products: 0.2, 1.0, and 0.9.
Step 3: Sum the results: 0.2 + 1.0 + 0.9 = 2.1.
Final Answer: The expected value is 2.1.