Definition of expected value in English:

expected value

Line breaks: ex|pect¦ed value

noun

Mathematics
  • A predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
    More example sentences
    • The fact that the problem is stochastic means that the airline needs to work with expected values and probability distributions, which makes the optimisation harder to solve.
    • Now, it is well known in probability theory that the expected value of a uniformly distributed variable on a finite interval is the center of that interval.
    • The premium will represent the expected value of these losses plus a small profit.

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