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
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Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
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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
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