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Expected value

expected value

Printer-friendly version. Expected Value (i.e., Mean) of a Discrete Random Variable. Law of Large Numbers: Given a large number of repeated trials, the average. Definition of expected value & calculating by hand and in Excel. Includes video. Find an expected value for a discrete random variable. Anticipated value for a given investment. In statistics and probability analysis, expected value is calculated by multiplying each of the possible outcomes by the.

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