Understanding Expected Values in Probability

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/3

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

4 Terms

1
New cards

Expected Value

- also known as "expectation or payoff value", is the mean of the probability distribution of the given random variable

2
New cards

Long Run Average

Expected value over many trials or instances.

3
New cards
4
New cards