The "expected value" is
A)the mean.
B)the weighted average.
C)both a and b.
D)the greatest outcome.

Name: The "expected value" is A)the mean. B)the weighted average. C)both a and b. D)the greatest outcome.
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Question

Quizplus · Accepted Answer

The expected value is both the mean and the weighted average. It is an average of all possible outcomes, weighted by their respective probabilities. It is not necessarily the greatest outcome, as it takes into account all possibilities.

The "Expected Value" Is