expected value

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ex·pect·ed value (

k-sp

1. The sum of all possible values for a random variable, each value multiplied by its probability of occurrence.

2. The integral of the probability density function and a continuous random variable over its range of values.

ThesaurusLegend: Synonyms Related Words Antonyms

Noun

expected value - the sum of the values of a random variable divided by the number of values

arithmetic mean, first moment, expectation

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

mean, mean value - an average of n numbers computed by adding some function of the numbers and dividing by some function of n

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For example, say you were attempting to derive an expected value for sales/revenue for the following company:

A helping hand: using software to improve analytical procedures in ... by Hamilton, Brian / California CPA

Therefore, in concert with Assumption I, it is generally assumed that the common expected value is equal to Y, i.

Statistical interpretation of key comparison reference value and ... by Parr, A.C. / Journal of Research of the National Institute of Standards and Technology

In 1997, it was 39 cents below the expected value, and by the 2001 crop year, the average price of $4.

Soybeans are more vulnerable by Top Producer

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