Expected value/Definition

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Revision as of 01:21, 5 June 2010 by imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> The product of the value of an outcome and its probability of occurrence (or the sum of the products of the value of each possible outcome and its prob...)
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Expected value [r]: The product of the value of an outcome and its probability of occurrence (or the sum of the products of the value of each possible outcome and its probability of occurring).

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