EXPECTED VALUE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

The sum of the values of a random variable divided by the number of values

Synonyms:

arithmetic mean; expectation; expected value; first moment

Classified under:

Nouns denoting cognitive processes and contents

Hypernyms ("expected value" is a kind of...):

mean; mean value (an average of n numbers computed by adding some function of the numbers and dividing by some function of n)

Domain category:

statistics (a branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate population parameters)

Credits