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Author Question: The expected value of a random variable is: a. the measure of its variability. b. the most likely ... (Read 200 times)

Bob-Dole

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on: Jul 1, 2018
The expected value of a random variable is:
 a. the measure of its variability.
  b. the most likely outcome.
  c. the outcome that will occur on average.
  d. the relative frequency of a realization.

Question 2

In the absence of any legally binding enforcement mechanism, individual cartel producers may find it advantageous to cheat on the agreements and engage in secret price concessions.
 a. true b. false


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TINA

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


Bob-Dole

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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