answersLogoWhite

0

Follow these steps:

  • Find all the values that the random variable (RV) can take, x.
  • For each x, find the probability that the RV takes than value, p(x).
  • Multiply them: x*p(x).
  • Sum these over all possible values of x.

The above sum is the expected value of the RV, X.

User Avatar

Wiki User

10y ago

Still curious? Ask our experts.

Chat with our AI personalities

RafaRafa
There's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa
ReneRene
Change my mind. I dare you.
Chat with Rene
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan

Add your answer:

Earn +20 pts
Q: How do you compute expected value from random discreet variable?
Write your answer...
Submit
Still have questions?
magnify glass
imp