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In Expectancy Theory,______ Refers to the Value a Person Places

question 81

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In expectancy theory,______ refers to the value a person places on the outcome or reward,because not all people value the same reward.


Definitions:

Population

The entire group of individuals or instances about whom the research is concerned.

Expected Value

The weighted average of all possible values a random variable can take on, with the weights being the probabilities of each outcome.

Loan Applications

Formal requests submitted by individuals or businesses to borrow money from financial institutions.

Continuous Random Variable

A variable that can take on an infinite number of values within a given range.

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