An Expected Value Is

question 29

Multiple Choice

An expected value is:

• A)a simple average of a set of scenarios or possible outcomes
• B)a weighted average of a set of scenarios or possible outcomes
• C)the highest scenario value or outcome
• D)the lowest scenario value or outcome

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Definitions:

Negative Communications

The exchange of information that has detrimental effects on relationships, including misunderstanding, frustration, or conflict.

Workplace

A physical or virtual location where employees engage in work activities for their employer.

Manager

A person in charge of managing or overseeing either a portion or the entirety of a business or comparable entity.

Ratio

A mathematical relationship that compares two numbers or quantities, indicating how much of one value exists per unit of the other.