Expected Value Is

question 77

Multiple Choice

Expected value is:

• 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) None of these statements is true.

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Definitions:

Amblyopia

A disorder in vision development where one eye does not reach normal levels of sharpness and is commonly known as "lazy eye."

Hyperopia

A vision condition, also known as farsightedness, in which distant objects can be seen more clearly than near objects.

Myopia

A vision condition characterized by the ability to see objects close to the eye clearly while distant objects appear blurred.

Color Blindness

A visual impairment that affects the ability to perceive colors accurately or differentiate between certain colors.