The expected value is a measure of:
A) risk.
B) variability.
C) uncertainty.
D) central tendency.

Name: The expected value is a measure of: A) risk. B) variability. C) uncertainty. D) central tendency.
Brand: Quizplus
Rating: 4.8 (25 reviews)

Question

Quizplus · Accepted Answer

The expected value is a measure of central tendency, specifically the average outcome that is expected if the process is repeated many times. It is not a measure of risk, variability, or uncertainty, although it can be used to help assess those factors.

The Expected Value Is a Measure Of