expected value

See synonyms for expected value on Thesaurus.com

noun

Statistics, Mathematics. mathematical expectation.

Origin of expected value

First recorded in 1945–50

Words Nearby expected value

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use expected value in a sentence

In some sense, then, the expected value of your insurance premium is negative.
Health and Human Services Secretary Doesn't Understand What Insurance Is | Megan McArdle | March 27, 2013 | THE DAILY BEAST
While the number of lawsuits might fall, the expected value of lawsuits would rise dramatically.
Are Driverless Cars Really in Our Near Future? | Megan McArdle | January 24, 2013 | THE DAILY BEAST
This can decrease the expected value of crime, without wasting an entire human life behind bars.
Can a DNA Database Prevent Crime? | Megan McArdle | January 11, 2013 | THE DAILY BEAST

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 constant: Also 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

Browse