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Sindrei [870]
3 years ago
9

Theâ _______ of a discrete random variable represents the mean value of the outcomes.

Social Studies
2 answers:
stiks02 [169]3 years ago
8 0

Answer:

expected value

Explanation:

The expected value of a discrete random variable represents the mean value of the outcomes.

IrinaK [193]3 years ago
7 0

Answer: Expected value.

Explanation: Variables with countable number of possible values are said to be discrete, when these variables are generated through a randomized patten or system, hence they are called discrete random variable. With the summation of individual probabilities within the variables totalling 1, each variable possessing a weighted probability value. When the probability value of attached to each variable is multiplied by the variable value, then the summation obtained from the sequence is called the Expected value.

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A change in supply that is to the right or downward will cause the equilibrium quantity to increase and the equilibrium price to decrease.

Given that the supply curve is often upward sloping in the case of a shifting demand curve, an upward or rightward change in the demand curve will result in a higher equilibrium price and equilibrium quantity.

Similarly, a shift in the demand curve to the left or downward will typically provide a lower equilibrium price and a smaller equilibrium quantity.

Depending on how the supply curve is shaped, a movement in the demand curve may cause a higher absolute change in the equilibrium price or quantity. The equilibrium quantity will fluctuate primarily if the supply curve is relatively flat or elastic.

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