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5 Questions: Expected Value Flashcards | StudBud
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5 Questions: Expected Value
5 Questions: Expected Value
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1
The expected value of rolling a fair 6 sided die.
2.5
3.5
3
4
2
The probability-weighted average of all possible values.
Random Variable
Sample Space
Event
Expected Value
3
A single result of an experiment.
Expected Value
Sample Space
Random Variable
Event
4
The expected value of rolling two fair dice.
6.5
7
7.5
6
5
If heads = 1 and tails = 0, the expected value of a flipping a fair coin is:
1
0
0.5
0.05