How to find expected value

Expected Value (i.e., Mean) of a Discrete Random Variable Using the probability distribution for number of tattoos, let's find the mean number of tattoos per. How to Calculate an Expected Value. Expected value (EV) is a concept employed in statistics to help decide how beneficial or harmful an action might be. The formula for the expected value is relatively easy to compute and involves several How to Calculate Expected Value in Roulette · Article.

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