How to Find the Expected Value of a Random Variable?
A step-by-step guide to the expected value of a random variable \(EV\): the expected value \(P(X)\): the probability of the occurrence of the event \(n\): the number of repetitions of the event \(EV\): the expected value \(P(X_i)\): the probability of the event \(X_i\): the event The Expected Value of a Random Variable – Example 1: […]