Probability

UK Secondary (7-11)

Expectation and Fair Value

What is the expected value of an experiment ?

The sum of the probabilities of all the possible events in an experiment.

A

The sum of all the amounts gained and lost from each possible event occurring in an experiment.

B

The expected gain or loss of an experiment over the long run.

C

The sum of the probabilities of all the possible events in an experiment.

A

The sum of all the amounts gained and lost from each possible event occurring in an experiment.

B

The expected gain or loss of an experiment over the long run.

C

Easy

Less than a minute

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