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Calculatored offers a ton of online tools and converters to make calculations easy. There are many expected value calculation tools available online for calculating expected value. You can also find this expected number calculator on our web portal without any fee or subscription. Expected value probability calculator deals with calculating probability and expected value calculation. You can find the expected value for the random variable calculator useful for calculating expected value and providing accurate results. You can find expectation calculator easily online for free.

Allows us to anticipate future outcomes.

Reduces information to one possibility /answer.

Measures long term investment of variable.

Measures center of the Probability distribution.

Using expected value calculator probability distribution has many advantages. Therefore, there is not a single possibility of having a probability greater than 1 in any event or total of all events. Every time the total possible result is 100%. So that’s why if any of the event probability is greater than 1, calculator shows an error message. This is because any events happenings probabilities can’t be greater than 100%.

Expected number calculator takes care of this calculation process.

Also, remember that none of the probabilities for any set of numbers is greater than 1. Expected value of x calculator is used to calculate expected value of all type of variables.īy calculating expected values, expected outcomes of probabilities are calculated by a set of numbers and the individual probabilities sum up to 1 or 100%. Most importantly this value is the variables long-term average value.Įxpected Value is calculated for single discrete variables, multiple discrete variables, single continuous variables, and multiple continuous variables. The Expected Value of a random variable always calculated as the center of distribution of the variable.