expected value

Noun

Meaning

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

Source: WordNet

Synonyms

expectation arithmetic mean first moment average extrinsic value sample mean implied odds expectations average value simple average expectation value anticipated value appraised value commuted value estimated value
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Hypernyms

mean mean value

Examples

An illustration of the convergence of sequence averages of rolls of a die to the expected value of 3.5 as the number of rolls (trials) grows. Source: Internet

By contrast, the variance is a measure of dispersion of the possible values of the random variable around the expected value. Source: Internet

Expectation values Another application of the law of averages is a belief that a sample's behaviour must line up with the expected value based on population statistics. Source: Internet

Efficiency factor is a ratio of some measure of performance to an expected value. Source: Internet

Floor and ceiling functions may produce answers which are off by one from the intuitively expected value. Source: Internet

For example, one might want to choose the portfolio return having the lowest variance for a given expected value. Source: Internet

Close letter words and terms

expected seriousness expected to happen expected to live expected winner expectedly expectedness