Definition of expected value & calculating by hand and in Excel. Includes video. Find an expected value for a discrete random variable. One natural question to ask about a probability distribution is, "What is its center? " The expected value is one such measurement of the center. 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.
Calculate expected value statistics - Fussball-Gladiators-Slot