Statistics, Mathematics. mathematical expectation.
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.
This can decrease the expected value of crime, without wasting an entire human life behind bars.
British Dictionary definitions for expected value
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