expected value

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noun

Statistics, Mathematics. mathematical expectation.

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Origin of expected value

First recorded in 1945–50

Words nearby expected value

expectation sunday, expectation week, expectative, expected frequency, expected utility, expected value, expecting, expectorant, expectorate, expectoration, expediate
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Words related to expected value

average, expectation, mean

British Dictionary definitions for expected value

expected value

noun

statistics the sum or integral of all possible values of a random variable, or any given function of it, multiplied by the respective probabilities of the values of the variable. Symbol: E (X). E (X) is the mean of the distribution; E (X–c) = E (X)– c where c is a constantAlso called: mathematical expectation
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012