The expected value of a discrete probability distribution is its long-run average value, if the experiment is to be repeated many times.

Name: The expected value of a discrete probability distribution is its long-run average value, if the experiment is to be repeated many times.
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Quizplus · Accepted Answer

The expected value is indeed the long-run average value, as it takes into account the probabilities of each possible outcome occurring over multiple repetitions of the experiment.

The Expected Value of a Discrete Probability Distribution Is Its