Samwise_geegee said:I'm just not sure how to calculate E(X/Y). Is what I wrote right?
The expected value of (X/Y) is a measure of the average outcome of a random variable (X) divided by another random variable (Y). It represents the theoretical long-term average that would occur if the experiment is repeated an infinite number of times.
The expected value of (X/Y) can be calculated by taking the sum of all possible outcomes of (X/Y) multiplied by their respective probabilities. This can be represented mathematically as E(X/Y) = Σ(x/y)*P(x/y), where x/y represents each possible outcome and P(x/y) represents the probability of that outcome occurring.
The expected value of (X/Y) tells us the average outcome that we can expect from dividing one random variable by another. It is an important concept in probability and statistics as it helps us understand the likelihood of different outcomes and make informed decisions.
The expected value of (X/Y) is a useful tool for assessing risk and uncertainty. It allows us to calculate the potential outcomes of a situation and weigh them against their respective probabilities. This helps us make more informed decisions by considering the potential risks and uncertainties involved.
Yes, the expected value of (X/Y) can be negative. This would occur when the potential outcomes of (X/Y) are negative and their probabilities are high enough to outweigh any positive outcomes. It is important to consider both positive and negative outcomes when calculating the expected value of (X/Y) to get a comprehensive understanding of the situation.