Expected Move Options Calculator

Expected Move Options Calculator calculator can be used to calculate the expected value based on probabilities and outcomes.

Input Parameters

Calculation Results

Calculation Formula

Expected Value = (Probability 1 * Outcome 1) + (Probability 2 * Outcome 2)

Where:
Probability 1: The likelihood of the first outcome occurring
Outcome 1: The value associated with the first outcome
Probability 2: The likelihood of the second outcome occurring
Outcome 2: The value associated with the second outcome

Result

Expected Value:

Expected Move Options Calculator Calculator Usage Guide

Learn how to use the Expected Move Options Calculator calculator and its working principles

How to Use the Calculator

Follow these steps to use the Expected Move Options Calculator:

  1. Enter the probability of the first outcome as a percentage in the "Probability 1 (%)" field.
  2. Enter the value associated with the first outcome in the "Outcome 1 Value" field.
  3. Enter the probability of the second outcome as a percentage in the "Probability 2 (%)" field.
  4. Enter the value associated with the second outcome in the "Outcome 2 Value" field.
  5. Click the "Calculate" button to compute the expected value.
  6. The result will be displayed in the "Result" section.

Understanding the Formula

The expected value is calculated using the formula:

Expected Value = (Probability 1 * Outcome 1) + (Probability 2 * Outcome 2)

This formula helps you determine the average outcome if you were to repeat the scenario many times.