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  • Card 17 / 21:
    Expected Value

    expected arithmetic average when an experiment is repeated many times; also called the mean. Notations: μ . For a discrete random variable (RV) with probability distribution function P ( x ),the definition can also be written in the form μ = ∑ x P ( x ).

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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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