The expected value represents:
A)the weighted average of the possible outcomes.
B)the most likely outcome.
C)the outcome with the highest probability.
D)none of the above.

Name: The expected value represents: A)the weighted average of the possible outcomes. B)the most likely outcome. C)the outcome with the highest probability. D)none of the above.
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Question

Quizplus · Accepted Answer

The expected value is the sum of each possible outcome multiplied by its probability, which results in a weighted average of the possible outcomes.

The Expected Value Represents