expected value - predicted value of a variable or event
Formula: E(X) = ΣxI · P(x)
Free Basic Statistics Calculator - Given a number set, and an optional probability set, this calculates the following statistical items:
Expected Value
Mean = μ
Variance = σ2
Standard Deviation = σ
Standard Error of the Mean
Skewness
Mid-Range
Average Deviation (Mean Absolute Deviation)
Median
Mode
Range
Pearsons Skewness Coefficients
Entropy
Upper Quartile (hinge) (75th Percentile)
Lower Quartile (hinge) (25th Percentile)
InnerQuartile Range
Inner Fences (Lower Inner Fence and Upper Inner Fence)
Outer Fences (Lower Outer Fence and Upper Outer Fence)
Suspect Outliers
Highly Suspect Outliers
Stem and Leaf Plot
Ranked Data Set
Central Tendency Items such as Harmonic Mean and
Geometric Mean and Mid-Range
Root Mean Square
Weighted Average (Weighted Mean)
Frequency Distribution
Successive Ratio
Free Expected Value Calculator - This lesson walks you through what expected value is, expected value notation, the expected value of a discrete random variable, the expected value of a continuous random variable, and expected value properties.
Free Ratios Calculator - * Simplifies a ratio of a:b
* Given a ratio in the form a:b or a to b, and a total population amount, this calculator will determine the expected value of A and B from the ratio.
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