I would like to learn how to calculate the expected value of a continuous random It appears that the expected value is E[X]=∫∞−∞xf(x)dx. Simple explanations for the most common types of expected value formula. Includes video. Hundreds of statistics articles and vidoes. Free help. How to Calculate an Expected Value. Expected value (EV) is a concept employed in statistics to help decide how beneficial or harmful an action might be.
Computing expected value Video