An Expected Value Is the Weighted-Average of the Outcomes Based

question 103

True/False

An expected value is the weighted-average of the outcomes based on the percentage combinations of the incomes.

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Definitions:

Carbohydrate

An organic combination of carbon, hydrogen, and oxygen as a sugar, a starch, or cellulose.

Organic Combination

A natural or seamless integration or union of elements, substances, or components.

Oxygen

A colorless, odorless, tasteless gas found in the air; chemical symbol, O2.

Binge

A spree; to overindulge, such as with alcohol or food.