Expected Value Definition
ĭk-spĕktĭd
noun
A quantity expressing a typical or average value of a random variable.
American Heritage
The sum (for discrete variables) or integral (for continuous variables) of the product of a random variable with its probability density function, over its range of values.
American Heritage
Synonyms:
- expectation
- first moment
- arithmetic-mean
Other Word Forms of Expected Value
Noun
Singular:
expected value
Plural:
expected values
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