Expected values are
A)Values that you expect from an individual
B)Mean values
C)Weighted average outcomes
D)Both B&C

Question

​Expected values are
A)​Values that you expect from an individual
B)Mean values
C)Weighted average outcomes
D)​Both B&C

Quizplus · Accepted Answer

Expected values are a type of mean value calculation that takes into account the probability or weight of each outcome. As such, they are both mean values (B) and weighted average outcomes (C). Option A is not accurate as expected values refer to outcomes, not what you expect from an individual.

​Expected Values Are

Expected Values Are