Definition of Expected value

1. Noun. The sum of the values of a random variable divided by the number of values.

Exact synonyms: Arithmetic Mean, Expectation, First Moment
Category relationships: Statistics
Generic synonyms: Mean, Mean Value

Definition of Expected value

1. Noun. (probability theory) Of a discrete random variable, the sum of the probability of each possible outcome of the experiment multiplied by the outcome value (or payoff). ¹

¹ Source: wiktionary.com

Lexicographical Neighbors of Expected Value

expectances
expectancies
expectancy
expectant
expectantly
expectants
expectation
expectation neurosis
expectation of life
expectational
expectations
expectative
expectative grace
expected
expected date of confinement
expected value (current term)
expectedly
expectedness
expectednesses
expecter
expecters
expectest
expecteth
expecting
expectingly
expective
expectorant
expectorants
expectorate
expectorated

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