Definitions
There is 1 meaning of the phrase
Expected Value.
Expected Value - as a noun
The sum of the values of a random variable divided by the number of values
Synonyms (Exact Relations)
Example Sentences
"The expected value of rolling a fair six-sided die is 3.5."
"In statistics, the expected value is also known as the mean."
"Calculating the expected value can help determine the most likely outcome of an experiment."
"In investing, expected value is used to assess the potential return of different investments."
"The expected value of a lottery ticket is often lower than the ticket price."
