Define expectation: a belief that something will happen or is likely to happen — expectation in a sentence. a strong belief that something will happen or be the case, Meaning, pronunciation, example mass noun 'I sat down in expectation of a feast of nostalgia'. Expectation definition, the act or the state of expecting: to wait in expectation. See more.
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Meaning expectation Video
Expected Value: E(X) Plan well and work hard and you will have the satisfaction of seeing your Two variables with the same probability distribution will have the same expected value, if it is defined. This result can be a useful computational shortcut. When the army ceded power last year to Aung San Suu Kyi, its Nobel-prize-winning opponent of 30 years, expectations were astronomically high, even though the constitution the generals had written severely limited her powers. Word Winder's CrossWinder A game of winding words. The expected value of a measurable function of X , g X , given that X has a probability density function f x , is given by the inner product of f and g:. That which is expected or looked for. Times, Sunday Times You get a sense of thrill , expectation and anticipation. The family were shocked The storm shocked the family. Many high school students, college students, and even at times experienced professionals will at some point complete an externship or an internship during their career. The expected value of a constant is equal to the constant itself; i. Word of the Day.
Meaning expectation - Casino
Mark and Susie went into marriage with very different expectations. Word of the Day. Learn a new word every day. July Words of the Day Quiz Test your knowledge. The idea of the expected value originated in the middle of the 17th century from the study of the so-called problem of points , which seeks to divide the stakes in a fair way between two players who have to end their game before it's properly finished. The value of any chance as the prospect of prize or property which depends upon some contingent event. The last equality used the formula for a geometric progression ,. The equation is sometimes called the tower rule or the tower property ; it is treated under law of total expectation. For risk neutral agents, the choice involves using the expected values of uncertain quantities, while for risk averse agents it involves maximizing the expected value of some objective function such as a von Neumann—Morgenstern utility function. Never miss another term. This relationship can be used to translate properties of expected values into properties of probabilities, e. The formal definition subsumes both of these and also works for distributions which are neither discrete nor continuous; the expected value of a random variable is the integral of the random variable with respect to its probability measure.