The Expected Value Represents

question 15

Multiple Choice

The expected value represents:

• A)the weighted average of the possible outcomes.
• B)the most likely outcome.
• C)the outcome with the highest probability.
• D)none of the above.

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Definitions:

Wearable Tech

Electronic technologies or devices worn on the body as accessories or implants, often for tracking health and fitness information.

Operational Support Systems

Information systems designed to produce a variety of information on an organization’s activities for both internal and external users.

Transaction Processing Systems

Operational support system to record and process data from business transactions.

Data

Raw facts and figures that may or may not be relevant to a business decision.