expected value

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Definitions from WordNet

Noun expected value has 1 sense

arithmetic mean, first moment, expectation, expected value - the sum of the values of a random variable divided by the number of values
--₁ is a kind of mean, mean value

Definitions from the Web

Expected Value

Noun: The expected value refers to the anticipated value of a random variable, calculated by multiplying each possible outcome by its probability and summing the results.

Example Sentence: In probability theory, the expected value of rolling a fair six-sided die is 3.5, as each outcome (1, 2, 3, 4, 5, and 6) has an equal probability of 1/6.

Adjective: Pertaining to the anticipated value of a random variable.

Example Sentence: The expected value analysis helped the company make informed financial decisions and assess potential risks.

expectancy expectant expectantly expectation expectations expected expected entrants expected rhyme expected value expectedness expecting expection expections expective expectorant expectorate expectoration

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