The expected value of a random variable is:
A)the measure of its variability.
B)the most likely outcome.
C)the outcome that will occur on average.
D)the relative frequency of a realization.

Question

Quizplus · Accepted Answer

The expected value of a random variable is the mean or average value that is expected to occur over multiple realizations. It represents the outcome that will occur on average.

The Expected Value of a Random Variable Is