If the probability of a large outcome is very high then the expected value will also be high, and vice versa.

Question

Quizplus · Accepted Answer

The expected value is calculated as the sum of all possible outcomes weighted by their probabilities. If the probability of a large outcome is very high, it contributes significantly to the expected value, making it high as well. Conversely, if high outcomes have low probabilities, the expected value decreases.

If the Probability of a Large Outcome Is Very High