CA Foundation Exam > CA Foundation Questions > For discrete random variable x, Expected valu...
Start Learning for Free
For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.
- a)True
- b)false
- c)both
- d)none
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
For discrete random variable x, Expected value of x (i.e E(x)) is defi...
Explanation:
- The expected value of a discrete random variable is a measure of the central tendency of the variable.
- It is denoted by E(x) and is defined as the sum of products of the different values and the corresponding probabilities.
- Mathematically, E(x) = Σ (x * P(x)), where x is a possible value of the discrete random variable and P(x) is the probability of x.
- For example, if we have a discrete random variable X that can take values 1, 2, 3, and 4 with probabilities 0.1, 0.2, 0.3, and 0.4 respectively, then the expected value of X can be calculated as follows:
- E(X) = (1 * 0.1) + (2 * 0.2) + (3 * 0.3) + (4 * 0.4)
- E(X) = 0.1 + 0.4 + 0.9 + 1.6
- E(X) = 3
- Therefore, in this case, the expected value of X is 3.
- The expected value of a discrete random variable can also be interpreted as the long-run average value of the variable.
- It is an important concept in probability theory and has many applications in various fields such as economics, finance, and engineering.
Free Test
FREE
| Start Free Test |
Community Answer
For discrete random variable x, Expected value of x (i.e E(x)) is defi...
True
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer?
Question Description
For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer?.
For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer?.
Solutions for For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice For discrete random variable x, Expected value of x (i.e E(x)) is defined as the sum of products of the different values and the corresponding probabilities.a)Trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup