Definition

It is the average value (mean) of a random experiment. 

Expected Value for

  1. **Discrete Random variable **
  1. Continuous Random variable

where

  • size of sample space
  • sample space
  • random variable
  • possible value of random variable
  • Probability
  • PDF

Linearity of Expectation


References

  1. https://brilliant.org/wiki/expected-value/
  2. Uncertainty Analysis Script Pg.12