The Expected Value of a Discrete Random Variable

question 6

Multiple Choice

The expected value of a discrete random variable

• A)is the outcome that is most likely to occur.
• B)can be found by determining the 50% value in the c.d.f.
• C)equals the population median.
• D)is computed as a weighted average of the possible outcome of that random variable, where the weights are the probabilities of that outcome.

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Definitions:

Self-Verification

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