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Ed in a bag. If a bill is chosen at random, what is the expected value for the amount chosen? 2. In a game you flip a coin twice, and record the number of heads that occur. You get 10 points for 2 heads, zero points for 1 head, and 5 points for no heads. What is the expected YDOXH IRU WKH QXPEHU RI SRLQWV RX OO ZLQ SHU turn? 3. There is an equally likely chance that a falling dart will land anywhere on the rug below. The following system is used to find the number of points the player wins.

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The expected value (EV) is an anticipated average value for an investment at some point in the future. Investors use expected value to estimate the worthiness of investments, often in relation to their relative riskiness.

To find the expected value, E(X), or mean μ of a discrete random variable X, simply multiply each value of the random variable by its probability and add the products. The formula is given as E ( X ) = μ = ∑ x P ( x ) .

In statistics and probability analysis, the expected value is calculated by multiplying each of the possible outcomes by the likelihood each outcome will occur and then summing all of those values. By calculating expected values, investors can choose the scenario most likely to give the desired outcome.

In a probability distribution , the weighted average of possible values of a random variable, with weights given by their respective theoretical probabilities, is known as the expected value , usually represented by E(x) .

Step 1: Identify the event in question and the possible outcomes. Step 2: Identify the probabilities of each outcome. Step 3: Multiply the outcomes by their respective probabilities, and sum these products together to get the expected value.

When you roll a fair die you have an equal chance of getting each of the six numbers 1 to 6. The expected value of your die roll, however, is 3.5.

expected value, in general, the value that is most likely the result of the next repeated trial of a statistical experiment. The probability of all possible outcomes is factored into the calculations for expected value in order to determine the expected outcome in a random trial of an experiment.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232