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expected value

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noun
  1. Statistics, Mathematics. mathematical expectation.
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Origin of expected value

First recorded in 1945–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Related Words for expected value

average, expectation, mean
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 constantAlso called: mathematical expectation
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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