The formula to calculate the Excluded Value is:
\[ \text{EV} = \text{TV} \times \left( \frac{\text{EP}}{100} \right) \]
Where:
An excluded value is a specific portion of a total amount that is not included or considered in a calculation. It is often expressed as a percentage of the total value. This concept is commonly used in financial calculations, discounts, tax deductions, and statistical data analysis.
Let's assume the following values:
Using the formula to calculate the Excluded Value:
\[ \text{EV} = 1000 \times \left( \frac{20}{100} \right) = 1000 \times 0.2 = 200 \text{ dollars} \]
The Excluded Value (EV) is $200.