Difference between revisions of "Expected value"
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| − | + | The expected value of an outcome converges to the long term average result of the probability of an outcome multiplied by the probability of an outcome: | |
| + | <math> E(x)=\sum (x * P(x))</math> | ||
[[Category:mbi]] | [[Category:mbi]] | ||
[[Category:Term]] | [[Category:Term]] | ||
Latest revision as of 19:55, 27 August 2020
The expected value of an outcome converges to the long term average result of the probability of an outcome multiplied by the probability of an outcome:
