Expected Value, Certainty Equivalence, etc. 1 Expected value. Mathematically, an expected value calculation weighs each possible outcome by. its likelihood, giving more weight to more likely outcomes and less weight to. less likely outcomes. When there are a ï¬nite number of outcomes, calculate. expected value by summing probability times value over all possible outcomes: Expected Value =.
R1 zoning usually means suburban homes. A property that is zoned R1 usually means that it resides in a neighborhood intended for single-family residences.1 zoning usually means suburban homes. A property that is zoned R1 usually means that it resides in a neighborhood intended for single-family residences.
A variance is a waiver of a setback requirement or height restriction in the code. It allows the owner to build closer to the property line than the code allows. For example, in an R-1 single family single and duplex zoning district, the minimum setback requirement for the rear is 10 feet on each side.