Expected Values

question 17

Multiple Choice

Expected values

• A)are calculated as the average value.
• B)are calculated over all possible outcomes.
• C)are weighted by the probability of an even occurring.
• D)all of the above.

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Definitions:

Operating Profit

Earnings before interest and tax (EBIT), indicating the profit a company makes from its normal business operations.

Loss Figures

Financial metrics indicating the amount of money a business has lost over a specific period.

Reportable Segment

A distinct business segment of a company that can generate its own revenues and expenses and whose operating results are regularly reviewed by the company's management.

Operating Segment

A component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, including segments with intersegment revenues.