Expected Value Calculator
Use the Expected Value Calculator to compute the expected value for two events given that the probability of each event occurring and the outcome of each event are known or can be estimated.
NOTE: Sum of probabilities must equal 1.
Example expected value = Probability of Event 1 * Outcome of Event 1 + Probability of Event 2 * Outcome of Event 2
Example expected value = .8 * 100 + .2 * -50
Example expected value = 70
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