The Discrete Uniform Expected Value calculator computes the expected value based on the sample size (n).
INSTRUCTIONS: Enter the following:
Expected Value: The calculator returns the expected value.
Related Calculators:
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.
Discrete uniform distributions is when a set amount of values are known and are equally likely to occur(that is they the same probability).
The expected value of a discrete uniform distribution is equal to half of the sample size plus one.
Variables:
Equations:
`E(x) = (n + 1)/2`