Question Tag: Expected Values

Which of the following is NOT true about expected values?

A. The worth of a decision can be evaluated as the expected value of outcomes where probabilities are assigned to different outcomes

B. Expected value is evaluated as the weighted-variance of possible outcomes

C. Use of expected values is a technique for comparing risk and return of different decisions of options

D. The expected average value is calculated by multiplying the probability of each possible outcome by the value of the outcome

E. Information can be analyzed where risk can be assessed in terms of probabilities of different outcomes