APFIVE Expected Value and The Law of Large Numbers
How does the concept of expected value in discrete random variables relate to the law of large numbers in probability theory?
A
The expected value approximates the average outcome as the number of trials approaches infinity
B
The expected value represents the median of outcomes in an infinite number of trials
C
The expected value is always greater than the average of a large number of trials
D
The expected value always equals the most frequent outcome in a large number of trials
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