Expected value represents [...] of all possible outcomes.
Answer
the central value
Tags
#reading-9-probability-concepts
Question
Expected value represents [...] of all possible outcomes.
Answer
?
Tags
#reading-9-probability-concepts
Question
Expected value represents [...] of all possible outcomes.
Answer
the central value
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Subject 6. Expected Value, Variance, and Standard Deviation of a Random Variable e outcomes will have a greater weighting in the overall calculation.
For a random variable X, the expected value of X is denoted E(X).
E(X) = P(x 1 ) x 1 + P(x 2 ) x 2 + ... + P(x n ) x n
<span>In investment analysis, forecasts are frequently made using expected value, for example, the expected value of earnings per share, dividend per share, rate of return, etc. It represents the central value of all possible outcomes.
Example
The organizers of an outdoor event know that the success of the event depends on the weather. It costs $50,000 to stage the event. If the weather is fa
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