Expected Value Sample Mean Calculator
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Expected Value Sample Mean Calculator. The idea here is that if we took all possible samples from the . To calculate expected value, with expected value formula calculator, one must multiply the value of the variable by the probability of that value is occurring.
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This expected value calculator calculates the expected value of a number or set of numbers based on the probability of that number or numbers occurring. The sample mean is one of the most commonly used measures of central tendency, that is used to summarize the data into one average value, that provides a . Input the number of trials (n or x) into the "x" box, then type the probability into the "p(x)" box. First, the expected value of the sample mean is equal to the population mean ( μ ).
