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@wikipedia


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{\displaystyle \operatorname {E} [X]=\sum _{i=1}^{n}x_{i}\,p_{i}=x_{1}p_{1}+x_{2}p_{2}+\cdots +x_{n}p_{n}.}

whereLet  

LaTeX Math Inline
body{\displaystyle X}
 be a random variable with a finite number of finite outcomes 
LaTeX Math Inline
body{\displaystyle x_{1},x_{2},\ldots ,x_{n}}
 
 occurring with probabilities 
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body{\displaystyle p_{1},p_{2},\ldots ,p_{n},}
 respectively.

The expectation of 

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body{\displaystyle X}
 is defined as

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...

.

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Since all probabilities 

LaTeX Math Inline
body{\displaystyle p_{i}}
  add up to 1 (
LaTeX Math Inline
body{\displaystyle p_{1}+p_{2}+\cdots +p_{n}=1}
), the expected value is the weighted average, with 
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body{\displaystyle p_{i}}
 ’s being the weights.

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