The course: Risk Management & Insurance

Which of the following statements is true about expected value?

A. It's used to determine the value of a company's assets. B. It uses the probability distribution to develop information about where outcomes are unlikely to occur, on average. C. It provides information about where outcomes tend to occur, on average. D. It focuses on providing information about where outlier or extreme ranges of outcomes may occur.

FYI, the answer is not B.