A risky outcome’s expected value is: the value of the most likely outcome. the m
ID: 1122914 • Letter: A
Question
A risky outcome’s expected value is:
the value of the most likely outcome.
the mid-point of the extreme (high and low) possible values.
the degree of dispersion of the possible outcomes.
the sum of the products of the probabilities of all outcomes and their values.
the equally-weighted average of all outcomes.
A)the value of the most likely outcome.
B)the mid-point of the extreme (high and low) possible values.
C)the degree of dispersion of the possible outcomes.
D)the sum of the products of the probabilities of all outcomes and their values.
E)the equally-weighted average of all outcomes.
Explanation / Answer
D) the sum of the products of the probabilities of all oucome and their value.
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