# Calculating expected value

Simple explanations for the most common types of expected value formula. Includes video. Hundreds of statistics articles and vidoes. Free help. The formula for the expected value is relatively easy to compute and involves several multiplications and additions. For the expected value, you need to evaluate the integral ∫40yf(y)dy=∫y3(4 −y)64dy. Please know your limits and gamble responsibly. Earn an amount equal to your investment 2. Analogously with the discrete case above, when a continuous random variable X takes only non-negative values, we can use the following formula for computing its expectation even when the expectation is infinite:. Tools What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page. This gambling game has asymmetric values assigned to the various rolls, according to the rules of the game.

### Calculating expected value - für

Use your list of all possible outcomes, and multiply each value times the probability of that value occurring. Embed code Affiliate embed. Expected Value Discrete Random Variable given a formula, f x. Betting Strategy Jul 11, Determine the probability of each possible outcome. The math behind this kind of expected value is: