The Sum of the Possible Outcomes of a Gamble Multiplied

question 41

Multiple Choice

The sum of the possible outcomes of a gamble multiplied by their respective probabilities is

• A) a fair gamble.
• B) the variance of the gamble.
• C) a better-than-fair gamble.
• D) the mode of the gamble.
• E) the expected value of the gamble.

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Definitions:

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A device containing an agent that can be discharged to extinguish a fire.

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