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This expected value calculator helps you to quickly and easily calculate the expected value (or mean) of a discrete random variable X. Enter all known values of X and P(X) into the form below and click the "Calculate" button to calculate the expected value of X. Click on the "Reset" to clear the results and enter new values.
7 lut 2024 · Unlock the power of statistics with our expected value formula calculator. Learn how to calculate the expected value swiftly. Try it today!
Enter a probability distribution table and this calculator will find the mean, standard deviation and variance. The calculator will generate a step by step explanation along with the graphic representation of the data sets and regression line.
You would use the Expected Value Calculator as follows: Input Outcomes: Enter the outcomes {1, 2, 3, 4, 5, 6}. Input Probabilities: Input the probabilities {0.16, 0.16, 0.16, 0.16, 0.16, 0.16}. Review the Result: The calculator quickly calculates the expected value, E (X) = 3.5.
Find the expected value (EV) for the Random variable (X) by using this expected value calculator. It functions to estimate the probable average outcome or value of a random variable based on different possible outcomes. Also, you can get step-by-step calculations for the probability distribution.
7 lip 2021 · This expected value calculator helps you to calculate an expected value (also called mean) of the given variable set with their probabilities.
In this post, learn how to find an expected value for different cases and calculate it using formulas for various probability distributions. We’ll work through example calculations for expected values in several contexts.
