A probability weighted value is referred to as a(n)________ value.

Question

Quizplus · Accepted Answer

A probability-weighted value is an expected value, which is calculated by multiplying each potential outcome by its probability and summing the results. This value represents the most likely outcome given the probabilities of each possible outcome, and is used in decision making to determine the best course of action. The other options (discount, reduced, future) do not accurately describe a probability-weighted value.

A Probability Weighted Value Is Referred to as A(n)________ Value