Expected value/Definition

From Citizendium
< Expected value
Revision as of 02:21, 5 June 2010 by imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> The product of the value of an outcome and its probability of occurrence (or the sum of the products of the value of each possible outcome and its prob...)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
This article contains just a definition and optionally other subpages (such as a list of related articles), but no metadata. Create the metadata page if you want to expand this into a full article.


Expected value [r]: The product of the value of an outcome and its probability of occurrence (or the sum of the products of the value of each possible outcome and its probability of occurring).

Retrieved from "https://citizendium.org/wiki/index.php?title=Expected_value/Definition&oldid=741528"