Expected Value May Be Defined as

question 129

Multiple Choice

Expected value may be defined as

• A) the probability that each outcome will occur.
• B) the probability that each outcome will not occur.
• C) the expected future benefit of selecting one alternative over another.
• D) the average of all possible outcomes.
• E) the weighted average of the outcomes with the probability of each outcome serving as the weight.

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Definitions:

Offensive

Causing upset or harm; often relating to behavior or material that is rude or attacking.

Allergies

A condition in which the immune system reacts abnormally to a foreign substance.

Nausea

A feeling of unease and discomfort in the stomach with an urge to vomit.

Professional Appearance

The demeanor and dress code an individual adopts to conform to business or professional standards, often influencing first impressions.