# Calculation of expected value

This Expected Value calculator calculates the expected value, or the mean in advance, of a number set or group of numbers. Definition of expected value & calculating by hand and in Excel. Step by step. Includes video. Find an expected value for a discrete random variable. Expected value: The mean value in the long run for many repeated samples, Let's look at a few examples of expected values for a discrete random variable.

### Calculation of expected value - musst dich

Sampling Distributions Lesson 7: Expected Value for Multiple Events Of course, calculating expected value EV gets more complicated in real life. March 23rd, by Andale. You might want to save your money! The formula for calculating the EV where there are multiple probabilities is: Each possible outcome represents a portion of the total expected value for the problem or experiment that you are calculating. By calculating expected values, investors can choose the scenario most likely to give them their desired outcome.