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expected value noun

  /əkˈspekt.əd ˈvɛl.jʉː/ , /ɪkˈspekt.ɪd ˈvæl.jʉː/ , /ɪkˈspɛkt.ɪd ˈval.juː/ , /ɪkˈspɛkt.ɪd ˈval.jʉ/ , /ɪkˈspɛkt.ɪd ˈvæl.ju/ , /ɪkˈspɛkt.ɪd ˈvæl.juː/ , /ɪkˈspɛkʈ.ɪɖ ˈval.juː/
  • (probability theory) The weighted average of outcome values, using probability as the weighting function.
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