EXPECTED VALUE

The central value of a randomn variable. Also called first moment- population mean.

EXPECTED VALUE: "The expected value is the central value."
Cite this page: N., Pam M.S., "EXPECTED VALUE," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/expected-value/ (accessed September 19, 2021).
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