Part of expected value is understanding the probability or odds of a situation.

In total, the expected value of probabilities still comes up with a positive 0.08 percent.

(23) Expected value is a concept in probability theory that provides a weighted average of the likelihood and magnitude of injury.

With two fewer players in the mix, the odds spike to 39.05 percent, with a slightly lower expected value (2.099) because traditionally there is less money on the table.

have the same value to the applicant, (72) a claim's expected value

So, its expected value [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] is also equal to [??]([mu] + [delta], ..., [mu] + [delta]) with probability 1, and thus, the equality that described that this estimate is unbiased takes the form

For winter wheat farmers with moderate risk aversion in Hyde County, S.D., we estimate that the expected value of claims payments is $17.23 per acre under the coinsurance program above, but only $17.22 under the indifferent deductible program with an 86% threshold, so the risk premium is $0.01 per acre.

the risky choice has the same expected value. (2) Now imagine another

When conducting the test, the author divided the number of observations in each row of the table by the number of columns to arrive at the expected values for each cell of the expected contingency table (not shown in article) instead of using the formula expected value = [(2 Row*2 Column)/n].

According to The Sydney Morning Herald, just one third of those surveyed believe Facebook's expected value is appropriate, and 50 percent say it is too high.

In the second stage, the decision makers calculate for each action x two values: (1) the expected value given the estimated composite distribution (denoted [est.sub.x]), and (2) the minimum expected value over all reasonable distributions in the set [Y.sup.[omicron]] (denoted [min.sub.x]).