Expected Value Calculator

Calculate Expected Value



Formula

The formula to calculate the Expected Value (EV) is:

\[ EV = P(x) \times n \]

Where:

Expected Value Definition

An expected value is the sum of the probability of an event occurring and the number of trials performed. It measures the average outcome if the experiment were repeated many times.

Example Calculation

Let's assume the following values:

Using the formula to calculate the Expected Value (EV):

\[ EV = P(x) \times n = 0.3 \times 50 = 15 \]

The Expected Value (EV) is 15.