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View synonyms for expected value

expected value

noun

  1. Statistics, Mathematics. mathematical expectation.


expected value

noun

  1. statistics the sum or integral of all possible values of a random variable, or any given function of it, multiplied by the respective probabilities of the values of the variable. Symbol: E ( X ). E ( X ) is the mean of the distribution; E ( X–c ) = E ( X )– c where c is a constant Also calledmathematical expectation
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Word History and Origins

Origin of expected value1

First recorded in 1945–50

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expected utilityexpecting