Expected value of including uncertainty
= Expected value of including uncertainty
{wiki=Expected_value_of_including_uncertainty}
The expected value, often denoted as \\( E(X) \\) for a random variable \\( X \\), is a fundamental concept in probability and statistics that provides a measure of the central tendency of a random variable. It represents the long-term average outcome of a random variable if the process were to be repeated many times.