# Statistics expected value calculator

Calculator: Expected Value for a Binomial Random Variable. Skip Navigation Links Free Statistics Calculators: Home > Expected Value for a Binomial Random. This Expected Value calculator calculates the expected value, or the mean in advance, of a number set or group of numbers. For the expected value, you need to evaluate the integral ∫40yf(y)dy=∫y3(4 −y)64dy.

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Finding the Expected Value and Standar Deviation with the TI 84 Calculator Expected value is very important because it is a tool that allows us to predict future outcomes, such as the game show money winning we just went. Advisors Share Their Favorite Tech Tools Guides Stock Basics Economics Basics Options Basics Exam Prep Series 7 Exam CFA Level 1 Series 65 Exam. Lisa, If you follow the steps in this how-to, you can skip using the formula. Thanks probability share cite improve this question. June 20th, by Stephanie. You might want to save your money! Search Course Materials Faculty login PSU Access Account.