Which of the following is defined as the numerical average of the experience of all possible outcomes if you played the game over and over?
A)Unbiased value
B)Unfair value
C)Continuous outcome value
D)Fair value
E)Rational value

Question

Quizplus · Accepted Answer

The correct term is "fair value," which represents the average outcome one would expect from a game or investment if it were repeated many times. This concept is often used in probability and finance to assess the expected return or outcome of various decisions or investments.

Which of the Following Is Defined as the Numerical Average