Understanding expected value is crucial when dealing with probabilities in repeated experiments or trials. Expected value essentially tells you the average outcome you can expect when you repeat an experiment, like rolling a die, multiple times. It provides a mathematical way to predict the most likely outcome of a given set of trials.
To calculate the expected value, multiply the probability of each outcome by the number of times you perform the experiment. Then, sum these products to arrive at the expected value. For example, if you're rolling a fair six-sided die and want to know how many times you'd expect to roll a "6" in 66 rolls, the expected value can be calculated by multiplying the probability of rolling a 6 by the number of rolls:
- Probability of rolling a 6 = \( \frac{1}{6} \)
- Total rolls = 66
- Expected number of times rolling a 6 = \( \frac{1}{6} \times 66 = 11 \)
Therefore, on average, you can expect to roll a 6 eleven times in 66 rolls.