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TeachMeFinance.com - explain expected value expected value The term 'expected value' as it applies to the area of basic math can be defined as 'the average value distribution for a random variable'. Previous 5 Terms: expanded access Expanded Food and Nutrition Education Program (EFNEP) expanded notation Expansion Expansion joint Next 5 Terms: Expedited Appeal Expedited Organization Determination Expenditure Expenditure Expenditures per million Btu About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.