Which of the following best describes the expected value of a random variable X? ? The most likely outcome of a single trial of the experiment. ? The probability that the outcome of a single trial is the same as the average. ? The likely average of the values of X if the experiment is run many times. ? The probability of the most likely outcome.
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The expected value is also not the probability that the outcome of a single trial is the same as the average, as it is a measure of central tendency rather than a probability. The expected value is the likely average of the values of X if the experiment is run Show more…
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