expected value

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  • noun

Synonyms for expected value

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

References in periodicals archive ?
This Article argues in favor of standing based on expected value of harm.
We did make a simple mathematical error in calculating the percentages in Figure 1, and the expected values were calculated incorrectly for Tables 1-3.
The expression states that individual expected values will increase (decrease) as the lottery price increases if the elasticity of entry is greater (less) than the reciprocal of the percentage difference between the individual private value and the lottery price.
Therefore, if Jenkins uses expected values as the basis for his decision, he will choose the middle path of ordering 200 cartons for his day's trading.
Expected values are used to compare the general tendencies one can logically anticipate when selecting different alternatives in a decision problem.
One of these is setting expected values in the analytical procedures portion of an audit or review.
None of the methods allows for a rigorous evaluation of variation from expected values or leaves much room for negotiation where there is more than one interested party.
2, we discuss two assumptions, labeled as Assumption I and Assumption II, about the relationship between the laboratory expected values [X.
The measured yields are in line with expected values.
Table I shows the expected values and variances for some cases with some values of (T, K, [Mu]) and indicates that the expected value and variance are increasing to T, K.
Proposition 2: The expected values of total and consumer's surplus produced by a MC firm will always be at least as high as those produced by a perfectly competitive firm and will usually be higher.
Thaler argues that bettor behavior in both cases is inconsistent with the assumptions of rational expectations and expected utility maximization, because some bets that are placed have lower expected values than other available bets.
However, the squared group means are random variables, and therefore we must consider their expected values.
The implication of this is that the expected value and variance of project time are just the sum of the expected values and variances, respectively, of the times for the activities on the critical path.
com/reports/c90106) has announced the addition of Risk Analysis: Assessing Uncertainties Beyond Expected Values and Probabilities to their offering.