The expected value of a discrete random variable
A. is the most likely or highest probability value for the random variable.
B. will always be one of the values x can take on, although it may not be the highest probability value for the random variable.
C. is the average value for the random variable over many repeats of the experiment.
D. is the value it is expected to assume in the next trial.
Answer: C
You might also like to view...
Intellectual capital is the difference between the market value and the book value of a firm. Intellectual capital can be increased by
A. attracting and retaining knowledgeable workers. B. decreasing labour costs. C. increasing the turnover of employees. D. increasing retention of below average workers.
A summary of expected costs for a range of activity levels that is geared to changes in the level of productive output is the definition of a
A) continuous budget. B) flexible budget. C) master budget. D) period budget.
The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage
Indicate whether the statement is true or false
Extroversion refers to the degree to which someone is insightful, creative, artistic, and curious.
Answer the following statement true (T) or false (F)