In this video, I show the formula of expected value, and compute the expected value of a game. The final. we shall discuss two such descriptive quantities: the expected value and the variance. .. and we assign to each of them the probability 1/6 see Table. Knowing how to calculate expected value can be useful in numerical statistics, in You should either list these or create a table to help define the results.
VideoDecision Analysis 2: EMV & EVPI - Expected Value & Perfect Information
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