expected value

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noun
  1. Statistics, Mathematics. mathematical expectation.

Origin of expected value

1
First recorded in 1945–50

Words Nearby expected value

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British Dictionary definitions for expected value

expected value

noun
  1. 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

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