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Computation of Expected Value
Expected value basically measures the centre of a given probability distribution and is therefore, derived by figuring out the mean of the probability distribution. If we take each probable value of a random variable and multiply it with the probability of its occurrence, we will find a number of products. Now, if all these products are added up, their sum total shows the expected value of the random variable.
You may have been assigned homework on computation of expected value. There are a number of formulae that needs to be dealt with and the calculations should be carried out with outmost attention to avoid any mistakes. In statistics, a minor error can disrupt the entire calculation and thereby, hamper your marks. So if you are not confident about your ability, you should let experts take over the assignment. We can offer you this said computation of expected value assignment help.
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