## Expected value formula

Calculating the Expected Value of an Calculating EV is a very useful tool in. the formula for computing its expected value is a straightforward implementation of the informal definition given above: the expected value of X is the weighted. Expected Value for a Discrete Random Variable. E(X)=\sum x_i p_i. x_i= value of the i th outcome p_i = probability of the i th outcome. According to this formula.

### Expected value formula Video

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