Expected Value and The Law of Large Numbers
Which statement best describes the relationship between the expected value of a discrete random variable and the law of large numbers?
A
The expected value represents the median of outcomes in an infinite number of trials
B
The expected value always equals the most frequent outcome in a large number of trials
C
The expected value is always greater than the average of a large number of trials
D
The expected value approximates the average outcome as the number of trials approaches infinity
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