expectation value
21mathematical expectation — noun see expectation * * * 1. Math. the product of the probability of the occurrence of an event and the value associated with the occurrence of a given event. 2. Statistics. the summation or integration, over all values of a variate, of the… …
22Market value — For values of entire markets, see Market size. Market value is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although… …
23Best value — is government policy in the United Kingdom affecting the provision of public services in England and Wales. In Wales, Best Value is known as the Wales Programme for Improvement. Contents 1 Introduction 2 Effects of Best Value 3 History of Best… …
24mathematical expectation — 1. Math. the product of the probability of the occurrence of an event and the value associated with the occurrence of a given event. 2. Statistics. the summation or integration, over all values of a variate, of the product of the variate and its… …
25Stochastic processes and boundary value problems — In mathematics, some boundary value problems can be solved using the methods of stochastic analysis. Perhaps the most celebrated example is Shizuo Kakutani s 1944 solution of the Dirichlet problem for the Laplace operator using Brownian motion.… …
26Pythagorean expectation — is a formula invented by Bill James to estimate how many games a baseball team should have won based on the number of runs they scored and allowed. Comparing a team s actual and Pythagorean winning percentage can be used to evaluate how lucky… …
27expected value — noun Of a discrete random variable, the sum of the probability of each possible outcome of the experiment multiplied by the outcome value (or payoff). Syn: mathematical expectation …
28expected value — noun the sum of the values of a random variable divided by the number of values • Syn: ↑arithmetic mean, ↑first moment, ↑expectation • Topics: ↑statistics • Hypernyms: ↑mean, ↑mean value …
29mean value — noun an average of n numbers computed by adding some function of the numbers and dividing by some function of n • Syn: ↑mean • Derivationally related forms: ↑mean (for: ↑mean) • Topics: ↑statistics …
30mathematical expectation — noun Date: 1838 expected value …
