Expected Value Calculator

How to use the expected value calculator?

Follow the steps below to use the expected value calculator:

  • Put all possible outcome values of “X” in the given box.
  • Put all the probabilities of an outcome “P (x)” in the below box.
  • To the expected value click on the “Calculate” button
  • To more inputs click on the “Reset” button.

x P(x) x × P(x) Delete
∑xi = ∑ P(xi) = ∑xi × P(xi) =