Expected Value Calculator
Calculate expected value from outcomes and their probabilities. Also computes variance and standard deviation of the distribution.
How to Use Expected Value Calculator
Add outcomes with their values and probabilities (must sum to 1), then calculate the expected value E(X), variance, and standard deviation of the distribution.
Step-by-Step Instructions
- Add outcome values and their probabilities
- Ensure probabilities sum to 1.0
- Click Calculate Expected Value
- View E(X), variance, and standard deviation
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