Most Probable Value with Same Weightage for Observations evaluator uses Most Probable Value = Sum of Observed Values/Number of Observations to evaluate the Most Probable Value, The Most Probable Value with Same Weightage for Observations formula is defined as the value, which is closer to the true value, but the weightage of measured values is all the same. Most Probable Value is denoted by MPV symbol.
How to evaluate Most Probable Value with Same Weightage for Observations using this online evaluator? To use this online evaluator for Most Probable Value with Same Weightage for Observations, enter Sum of Observed Values (Ʃxi) & Number of Observations (nobs) and hit the calculate button.