how to find the expected value of a random variable code example

Example: expected value of a random variable

The expected value is simply a way to describe the average of a discrete set of variables based on their associated probabilities. This is also known as a probability-weighted average. For this example, it would be estimated that you would work out 2.1 times in a week, 21 times in 10 weeks, 210 times in 100 weeks