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  2. Topic
    Mathematics
  3. Study Set
    Introduction to Logic
  4. Exam
    Exam 14: Probability
  5. Question
    "Expectation Value" Is the Calculated Value of a Wager or Investment
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"Expectation Value" Is the Calculated Value of a Wager or Investment

Question 1

Question 1

True/False

"Expectation value" is the calculated value of a wager or investment, taking into
account not only the value but also the probability of each possible return.

Correct Answer:

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