When an Outcome Is Weighted by a Probability, It Becomes

question 10

True/False

When an outcome is weighted by a probability, it becomes an expected value.

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Definitions:

Orphanages

Residential institutions dedicated to the care of children whose parents are deceased or otherwise unable or unwilling to care for them.

Centration

The tendency of young children to focus only on one aspect of an object or situation, a characteristic of preoperational stage of cognitive development.

Egocentrism

A cognitive characteristic where an individual is unable to distinguish between their own perspective and that of others, often observed in early childhood development.

Piagetian Term

Pertains to concepts and terminologies introduced by Jean Piaget in his theory of cognitive development, which outlines how children progress through four stages of cognitive growth.