PRC-2 · Chapter 11 · Question 18 of 60
In the context of a discrete probability distribution, the 'Expected Value' (E[X]) is mathematically synonymous with:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The arithmetic mean of the distribution
Explanation
The Expected Value is the weighted average of all possible values, which represents the theoretical long-term average (mean) of the random variable.
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