Library / English Dictionary

    EXPECTED VALUE

    Pronunciation (US): Play  (GB): Play

     I. (noun) 

    Sense 1

    Meaning:

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

    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)

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