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How to find expected valueHow to find expected value. Online Help
A probability distribution tells us the probability that a random variable takes on certain values. For example, the following probability distribution tells us the probability that a certain soccer team scores a certain number of goals in a given game:.
To find the expected value of a probability distribution, we can use the following formula:. For example, the expected number of goals for the soccer team would be calculated as:. The following example provides a step-by-step example of how to calculate the expected value of a probability distribution in Excel.
Lastly, we can calculate the expected value of the probability distribution by using SUM C2:C10 to sum all of the values in column C:. The expected value for this probability distribution is 3. The following tutorials explain how to calculate other descriptive statistics in Excel:. Your email address will not be published. Skip to content Menu. About Course Basic Stats Machine Learning Software Tutorials Excel Google Sheets MongoDB Python R SAS SPSS Stata TI Tools Calculators Critical Value Tables Glossary.
Posted on August 2, by Zach. Published by Zach. View all posts by Zach. Prev How to Calculate Expected Value in R With Examples. Next How to Transpose a Data Frame in R With Examples. Leave a Reply Cancel reply Your email address will not be published.
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