Tags | |
The Binomial Distribution Expected Value calculator computes the expected value based on the success rate (p) and the number of trials (n).
INSTRUCTIONS: Enter the following:
- (p) This is the success rate
- (n) This is the number of trials.
Expected Value: The calculator returns the expected value.
Related Calculators:
- Pascal Distribution Expected Value
- Geometric Expected Value
- Binomial Distribution Expected Value
- Bernoulli Distribution Expected Value
- Geometric Distribution Expected Value
- Discrete Uniform Expected Value
- Hyper-geometric Distribution Expected Value
The Math / Science
In probability theory, the expected value (often noted as E(x)) refers to the expected average value of a random variable one would expect to find if one could repeat the random variable process a large number of time. In other words, the expected value is a weighted average of all possible values in the experiment.
The expected value of a binomial experiment is equal to n⋅p which is the number of Bernoulli trials multiplied by the number of successes.
Variables:
- n = Number of Trials
- p = Success Rate
Equation:
E(x) = n * p