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The Expected Value calculator computes the expected value based on the success rate (p) and the desired number of successes (r).
INSTRUCTIONS: Enter the following:
- (p) This is the success rate
- (r) This is the number of successes.
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 Pascal distribution, named after French mathematician Blaise Pascal, is a special case of negative binomial distribution. A Pascal experiment calculates the number of Bernoulli trials needed to get `r` amount of successes.
Variables:
- p = success rate
- r = desired amount of successes
Equation:
E(x) = r/p