Generalized expected value calculation

Input(s)

$P_{i}$: Possible Result of Probability from case " 1 " to " $\mathrm{n}$ " (fraction)

$V_{i}$: Contingency Value of Investment from case " 1 " to " $\mathrm{n}$ " ($)

Output(s)

$E V$: Expected Value (dimensionless)

Formula(s)

Reference(s)

Serpen, U., Petroleum Economics, Course Notes, ITU Petroleum and Natural Gas Engineering, Istanbul, Turkey, (2008) Page: 72.