In probability theory, the expected value of a random variable, intuitively, is the long-run The expected value is also known as the expectation, mathematical expectation, EV, average, mean value, mean, or first moment. More practically, the Law of the unconscious · Conditional expectation · Weighted arithmetic mean. The expected value of a random variable is just the mean of the random variable. You can calculate the EV of a continuous random variable using this formula. Expected Value (EV) - Learn how to easily calculate E.V. - our expert guide includes a clear explanation, poker probabilities and examples.
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