Mathematics › Statistics › Question #5827
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Q__________ is calculated by multiplying each of the possible outcomes in the sample space with the likelihood of their occurrence, and then summing up all the values.

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  • A The expected ✔ ✖
  • B not expected ✔ ✖
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The expected value is calculated by multiplying each of the possible outcomes in the sample space with the likelihood of their occurrence, and then summing up all the values. It is a measure of the central tendency of a random variable, and represents the average value that we can expect to observe if we repeat the experiment many times.
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