What is another word for expected value?
Pronunciation: [ɛkspˈɛktɪd vˈaljuː] (IPA) 
Expected value is a term frequently used in statistics to describe the average value of a random variable. However, there are several synonyms for this term. For instance, some people use the phrase "mean value" to refer to the expected value. Others refer to the expected value as the "first moment of a distribution." Still, others use the term "mathematical expectation" to describe this concept. Whatever term you use, the expected value is a crucial concept in statistical analysis and can help you understand the likelihood of certain outcomes. Whether you are studying economics, psychology, or any other field that involves statistics, it's important to understand the synonyms for expected value.
