Which of these values are the combinations of a value and the probability of its occurrence?
A) probable values
B) common values
C) present values
D) expected values
E) risk-adjusted values

Question

Quizplus · Accepted Answer

Expected values are the combinations of a value and the probability of its occurrence. The term describes the long-term average value of a random variable. The expected value is calculated by multiplying the probability of each outcome by the corresponding outcome and then adding up the products.

Which of These Values Are the Combinations of a Value