expected value

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expected value [ek′spek·təd ′val·yü]

(mathematics)

For a random variablexwith probability density function ƒ(x), this is the integral from -∞ to ∞ ofxƒ(x)dx. Also known as expectation.

For a random variablexon a probability space (Ω,P), the integral ofxwith respect to the probability measureP.

(systems engineering)

In decision theory, a measure of the value or utility expected to result from a given strategy, equal to the sum over states of nature of the product of the probability of the state times the consequence or outcome of the strategy in terms of some value or utility parameter. Abbreviated EV. Also known as expected utility (EU).

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No references found			Lottery Statistics With regards to the lottery, the skeptic proceeds to apply this theorem but never specifies what the expected value should be nor the number of drawings required. Lottery Predictions - Exposing the Truth by Professor Dolph / Consumer news, advice, product reviews community 2 percentage points from that of the month prior, but managed to stay within the expected value. Japan Jobless Rate Jumps to Highest in Six Years by Mena Report pounds 18M EXPECTED VALUE OF HOUSE SALES TO TENANTS OVER NEXT TWO YEARS 1,500 TARGET FOR NEW SOCIAL AND AFFORDABLE HOMES THIS YEAR pounds 110M CRISIS IN HOUSING; Minister's funding plea by The Mirror (London, England)			expansion strip expansion system expansion tank Expansion Valve expansion wave Expansion, Economic expansion-compression joint expansionism expansive expansive bit Expansive Cement expansive hydraulic cement expansive soil expansive-cement concrete expansivity Expatriation expect expectancy expectant Expectant Treatment expectation expectation value Expectation, Mathematical expected approach clearance time expected utility expected value Expectorant expectorate Expedition of Humphrey Clinker, The Expedition of the Russian Navy to America in 1863–64 Expedition of the Russian Navy to the Bosporus in 1833 Expedition, Scientific Expeditionary Forces expendable pattern expendable rocket expendable vehicle Expenditures, Deferred expense Expensiveness Experience Experiencing experiential experiential-existential group therapy Experiment Experiment Description Language experimental breeder reactor experimental design experimental ecology Experimental Embryology Experimental Endocrinology and Hormone Chemistry, Institute of Experimental Field			Expected return-beta relationship Expected Returns Expected Schoolwide Learning Results Expected Service Life Expected shortfall Expected Spot Rate Expected Start Timeout Expected Synchronization Delay Expected Tail Loss Expected Test Time Expected Throughput Expected Time of Arrival Expected Time of Berthing Expected Time of Departure Expected Time to Kill Expected to Realize Expected Transient Reward Rate Expected Transmission Time Expected Unserved Energy expected utilities expected utilities Expected utility Expected utility Expected utility hypothesis Expected utility hypothesis Expected utility hypothesis Expected Utility Theory Expected Utility Value expected value Expected Value of Imperfect Information Expected Value of Including Uncertainty Expected Value of Information Expected value of perfect information Expected value of perfect information Expected value of sample information Expected Value Score Expected Value With Perfect Information Expected values Expected values Expected values Expected Vertical Error Expected Warranty Cost Expected Week of Childbirth Expected Won-Loss Expected Years of Life Lost expectedly expectedly expectedly expectedly expectedness expectedness expectedness expectedness Expecter expecting expecting expecting expecting Expectingly

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