For a random variable X, the expected value of X is denoted[...]
Answer
E(X).
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#reading-9-probability-concepts
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For a random variable X, the expected value of X is denoted[...]
Answer
?
Tags
#reading-9-probability-concepts
Question
For a random variable X, the expected value of X is denoted[...]
Answer
E(X).
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Subject 6. Expected Value, Variance, and Standard Deviation of a Random Variable ed with probability, the expected value simply factors in the relative chances of each event occurring, in order to determine the overall result. The more probable outcomes will have a greater weighting in the overall calculation.
<span>For a random variable X, the expected value of X is denoted E(X).
E(X) = P(x 1 ) x 1 + P(x 2 ) x 2 + ... + P(x n ) x n
In investment analysis, forecasts are frequently made using expected value, for example,
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