# Expected value formula calculator

The expected value of a random variable is just the mean of the random variable. You can calculate the EV of a continuous random variable using this formula. The formula for the expected value is relatively easy to compute and involves several How to Calculate Expected Value in Roulette · Article. Finding the Expected Value of a Dice Game it to a decimal by dividing on a calculator.

### Expected value formula calculator - winning patters

Add the two values together: Calculation of Expected Value E x for Binomial Random Variable is made easier here. What is the EV of folding? Scenario analysis also helps investors determine whether they are taking on an appropriate level of risk, given the likely outcome of the investment. Latest Videos What does a Quantitative Analyst Do? Set this number aside for a moment. Can You Afford Not To Use Poker Tracker 4? To get a more practical illustration of expected value, let's go through a real-world example. For a three coin toss, you could get anywhere from 0 to 3 heads. If you make a chart, the math behind finding an expected value becomes clearer. In this example, we see that, in the long run, we will average a total of 1.