expected value
noun
Statistics, Mathematics.
mathematical expectation.
Origin of expected value
First recorded in 1945–50
Words nearby expected value
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expectation week,
expectative,
expected frequency,
expected utility,
expected value,
expecting,
expectorant,
expectorate,
expectoration,
expediate
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 constant
Also called: mathematical expectation