Expected Value Is Defined as

question 23

Multiple Choice

Expected value is defined as

• A)the profit on a fair bet.
• B)the most likely outcome of a given experiment.
• C)the outcome that will occur on average for a given experiment.
• D)the relative frequency with which an event will occur.

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Definitions:

Attributes

Qualities or features regarded as characteristic or inherent parts of something or someone.

Tolman's View

An approach in psychology proposed by Edward C. Tolman that emphasizes the role of cognition and purposive behavior in understanding learning.

Learning

A relatively permanent change in behavior potential that occurs as a result of experience.

Learned Helplessness

A scenario in which an individual is plagued by feelings of helplessness, caused by either a distressing event or repeated failures to accomplish their goals.