Final answer:
Expected Value (EV) measures the uncertainty of the occurrence of a potential event using probability.
Step-by-step explanation:
The statement is true. Expected Value (EV) measures the uncertainty of the occurrence of a potential event using probability. In statistics, the expected value, or mean, of a discrete random variable predicts the long-term results of a statistical experiment that has been repeated many times. It represents the average outcome of an experiment over a large number of repetitions. For example, if you toss three fair coins multiple times, the expected value is the number of heads you expect to get on average for each three tosses.