# 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.