Expected Value Calculator
Expected Value Calculator Calculation Method: Manual Entry (Values & Probabilities)Discrete OutcomesBetting/Gambling Values (comma-separated): Probabilities (comma-separated, sum = 1): Win Amount: $ Loss Amount: $ Win Probability (0-1): Calculate Reset Expected Value (E[X]): 0.00 Variance (Var[X]): 0.00 Standard Deviation (σ): 0.00 Number of Outcomes: 0 Interpretation: – Introduction In probability, statistics, finance, and decision-making, understanding expected … Read more