Excel's _____ function can be used to compute the expected value of a discrete random variable.
A) SUMPRODUCT
B) AVERAGE
C) MEDIAN
D) VAR

Question

Quizplus · Accepted Answer

The SUMPRODUCT function in Excel can be used to compute the expected value of a discrete random variable by multiplying each possible value of the variable by its corresponding probability and then summing all these products.

Excel's _____ Function Can Be Used to Compute the Expected