Related Topics:

Common
Core (Statistics & Probability)

Common Core
for Mathematics

Examples, solutions, videos and lessons to help High School students learn how to weigh
the possible outcomes of a decision by assigning probabilities to
payoff values and finding expected values.*
*A.

Common Core: HSS-MD.A.5

This video shows the formula of expected value, and compute the expected value of a game. The final answer represents the net transaction to you!! It means you can expect to be $0.875 richer than before you played the game, on average.

This lesson defines expected value and provided two examples of how to find expected value of an event.

Demonstrating the solution to a conventional probability exercise.

How to calculate the expected value of an event?

Try the free Mathway calculator and
problem solver below to practice various math topics. Try the given examples, or type in your own
problem and check your answer with the step-by-step explanations.

We welcome your feedback, comments and questions about this site or page. Please submit your feedback or enquiries via our Feedback page.