expected value (Meaning)
Wordnet
expected value (n)
the sum of the values of a random variable divided by the number of values
Synonyms & Antonyms of expected value
No Synonyms and anytonyms found
expected value Sentence Examples
- 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.
- The expected value of the sum of two random variables is equal to the sum of their expected values.
- The expected value of the product of two random variables is equal to the product of their expected values, only if they are independent.
- The expected value of a random variable can be positive, negative, or zero.
- The expected value is a useful tool for making decisions under uncertainty.
- The expected value of a loss is the expected amount of money that will be lost if a given decision is made.
- 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.
