expected value Antonyms

No Synonyms and anytonyms found

Meaning of expected value

Wordnet

expected value (n)

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

expected value Sentence Examples

  1. In probability theory, the expected value is the weighted average of all possible outcomes in a probability distribution.
  2. The expected value of a random variable X is denoted by E(X), and it is calculated by multiplying each possible value of X by its probability and then summing the products.
  3. The expected value can be used to determine the central tendency of a probability distribution.
  4. The expected value of a constant is equal to the constant itself.
  5. The expected value of the sum of two random variables is equal to the sum of their expected values.
  6. The expected value of the product of two random variables is equal to the product of their expected values, only if they are independent.
  7. The expected value of a random variable can be positive, negative, or zero.
  8. The expected value is a useful tool for making decisions under uncertainty.
  9. The expected value of a loss is the expected amount of money that will be lost if a given decision is made.
  10. The expected value of a gain is the expected amount of money that will be gained if a given decision is made.

FAQs About the word expected value

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

No synonyms found.

No antonyms found.

In probability theory, the expected value is the weighted average of all possible outcomes in a probability distribution.

The expected value of a random variable X is denoted by E(X), and it is calculated by multiplying each possible value of X by its probability and then summing the products.

The expected value can be used to determine the central tendency of a probability distribution.

The expected value of a constant is equal to the constant itself.