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.
Built-up area. Built-up area (BUA) is a term used primarily in urban planning, real estate development, building design and the construction industry. It encompasses the following: An illuminated section of a roadâas defined by the United Kingdom's Highway Codeâwhere speed limits are automatically applied.