Loading [MathJax]/extensions/mml2jax.js
Skip to main content
Library homepage
 

Text Color

Text Size

 

Margin Size

 

Font Type

Enable Dyslexic Font
Statistics LibreTexts

Search

  • Filter Results
  • Location
  • Classification
    • Article type
    • Author
    • Cover Page
    • License
    • Show TOC
    • Embed Jupyter
    • Transcluded
    • OER program or Publisher
    • Autonumber Section Headings
    • License Version
  • Include attachments
Searching in
About 1 results
  • https://stats.libretexts.org/Courses/Saint_Mary's_College_Notre_Dame/BFE_1201_Statistical_Methods_for_Finance_(Kuter)/04%3A_Random_Variables/4.04%3A_Expected_Value_of_Discrete_Random_Variables
    In other words, if we repeat the underlying random experiment several times and take the average of the values of the random variable corresponding to the outcomes, we would get the expected value, ap...In other words, if we repeat the underlying random experiment several times and take the average of the values of the random variable corresponding to the outcomes, we would get the expected value, approximately. (Note: This interpretation of expected value is similar to the relative frequency approximation for probability discussed previously.) Again, we see that the expected value is related to an average value of the random variable.

Support Center

How can we help?