Which of the Following Is Defined as the Numerical Average

question 18

Multiple Choice

Which of the following is defined as the numerical average of the experience of all possible outcomes if you played the game over and over?

• A)Unbiased value
• B)Unfair value
• C)Continuous outcome value
• D)Fair value
• E)Rational value

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Definitions:

Sample

A subset of individuals or items selected from a larger population for the purpose of statistical analysis.

Population

The entire group of individuals or instances about whom the data is collected for a statistical study.

Statistics

The science of collecting, analyzing, interpreting, and presenting data in order to make informed decisions based on numerical information.

Rewarding

Offering satisfaction, happiness, or benefit, especially in response to an action performed.