Is this just ‘expected value follows some of the same rules as probability’ or is there more to it?
It can be any real-valued measurement of objects, as long as we can reasonably assume the three assumptions are satisfied.
Is this just ‘expected value follows some of the same rules as probability’ or is there more to it?
It can be any real-valued measurement of objects, as long as we can reasonably assume the three assumptions are satisfied.