Please refer to the image above, What would be a systematic way to estimate “expected gain” from a hypothesis?
Hi @Saurabh_Pandey, thank you for contacting us.
The expected gain of a hypothesis is generally calculated by multiplying each of the possible outcomes by the likelihood each outcome will occur and then adding all of the values.
Expected gain = ∑ x P ( x )
Here x is the value and p(x) is the probability of x and ∑ to add all the values.
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