expected value meaning

UK /ɪkˈspɛktɪd ˈvæljuː/ US /ɪkˈspɛktəd ˈvælju/ 5 syllables

expected value (noun): the sum of the values of a random variable divided by the number of values.

Definition of expected value

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

    Synonyms: arithmetic mean, first moment, expectation

    Type of: mean

How to pronounce expected value

expected value is pronounced /ɪkˈspɛktɪd ˈvæljuː/ in British English and /ɪkˈspɛktəd ˈvælju/ in American English. It has 5 syllables.

More about expected value on Wikipedia.