expected value

American  

noun

1. Statistics, Mathematics. mathematical expectation.

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expected value British  

noun

1. Also called: mathematical expectation.  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

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Etymology

Origin of expected value

First recorded in 1945–50

Example Sentences

You find out today whether you’ve “won,” and that instant verdict hits harder than any lesson in expected value.

From The Wall Street Journal

But for Dyne, Matteis believes the deal for Avidity is “highly validating,” as it corroborates the expected value of muscle-delivery technology and the attractiveness of the markets for even rare diseases like DMD.

From MarketWatch

This week, police in Pennsylvania even reported 100,000 eggs were stolen from a distributor with an expected value of $40,000.

From Salon

"But quantum physics says that there are always certain fluctuations. The fluctuations, i.e. the deviations from the expected value, are closely related to the temperature."

From Science Daily

"We understand that signaling much more than this has no expected value given so much uncertainty that exists, both globally and locally," he said.

From Reuters