Explain What the Expected Value of a Discrete Random Variable

question 144

Essay

Explain what the expected value of a discrete random variable measures.

---

Definitions:

Policies

Guidelines or rules established by organizations to govern their operations, behaviors, and decisions.

Dependent Variable

In statistical modeling and experiments, it is the variable being tested and measured, usually thought to depend on one or more independent variables.

Target Variable

In data analysis and modeling, the specific outcome or response that the model is designed to predict.

Causal Variable

A variable that is presumed to cause or determine the outcome of interest in a research study.