Probability – What Is Expected Value ?


GenAI – What Is Expected Value ?

Table Of Contents:

  1. What Is An Expected Value ?

(1) What Is An Expectation ?

(2) Why Expectation Is Called Long Term Average ?

(3) Example Of Calculating Expected Value.

Example-1:
Example-2:
Example-3:
Example-4: There is 50% 50%chances of raining today, what is the expected value ?

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