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Expected value

The average of a random variable is the most important single piece of information about a distribution. We call this the expected value, denoted as E(X).

E(X) = \sum_{i=1}^m (x \times P(X = x))

Properties:

E(X + Y) = E(X) + E(Y)

E(X \times Y) = E(X) \times E(Y) if X and Y are independent

E(a \times X) = a \times E(Y) a is a constant value

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