The Term Expected Value Is Defined As

question 33

Multiple Choice

The term expected value is defined as:

• A)the value of the outcome with the highest probability.
• B)the mid-point of the extreme (high and low)possible values.
• C)the value of the outcome with the lowest probability.
• D)the sum of the products of the probabilities of all outcomes and their values.
• E)the equally-weighted average of all outcomes.

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Definitions:

Independent Variables

Variables in a statistical model that are presumed to influence or cause changes in another variable, without being affected by it.

Increase

Increase refers to the action of becoming larger or greater in size, number, value, or amount.

Standard Error

A statistical measure that describes the accuracy with which a sample distribution represents a population, specifically the standard deviation of the sampling distribution of a statistic.

Independent Variables

Variables in an experiment or model that are manipulated or classified by the researcher to observe their effect on the dependent variable(s).