Define Mathematical Expectation.
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Mathematical expectation, also known as the expected value, is the summation or integration of a possible values from a random variable. It is also known as the product of the probability of an event occurring, denoted P(x), and the value corresponding with the actual observed occurrence of the event.
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- Mathematical expectation, also known as the expected value, is the summation or integration of a possible values from a random variable. It is also known as the product of the probability of an event occurring, denoted P(x), and the value corresponding with the actual observed occurrence of the event.
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