What is the expected value of a discrete random variable?
A) The most likely value the variable can take
B) The average of all possible outcomes, weighted by their probabilities
C) The highest value of the variable
D) The sum of all probabilities
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What is the expected value of a discrete random variable?
A) The most likely value the variable can take
B) The average of all possible outcomes, weighted by their probabilities
C) The highest value of the variable
D) The sum of all probabilities