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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.
standard deviation
midrange
probability
expected value
The term that defines the mean value of the outcomes for a discrete random variable is the expected value, calculated as the sum of each outcome multiplied by its probability. Other terms do not fit: standard deviation measures spread, midrange is a measure of central tendency for raw data, and probability is the likelihood of an outcome.
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expected value