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Question
fill in the blank. the ____ of a discrete random variable represents the mean value of the outcomes. the ____ of a discrete random variable represents the mean value of the outcomes. expected value standard deviation midrange probability
The expected value of a discrete random variable is calculated as the sum of each possible outcome multiplied by its probability, which is equivalent to the mean value of the outcomes. Standard deviation measures the dispersion, mid - range is the average of the maximum and minimum values, and probability is the likelihood of an event.
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expected value