What Is Expected Value

question 99

Multiple Choice

What is expected value?

• A)The average of each possible outcome of a future event, weighted by its probability of occurring
• B)The average probability of all possible outcomes of a future event occurring, weighted by each possible outcome individually
• C)The sum of all probabilities of all possible outcomes of a future event occurring
• D)The most likely future outcome

---

Definitions:

Trained Managers

Individuals who have undergone formal education and/or training in management, equipping them with the skills necessary for effective leadership and organizational administration.

Philanthropic Contributions

Financial or in-kind donations given to support charitable organizations or causes.

Financial Reports

Documents containing detailed information about an entity's financial health, including income, expenses, and overall financial position, often used for analysis and decision making.

For-Profit Corporations

Businesses that aim to generate profit for their owners and shareholders.