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An introduction to the concept of the expected value of a discrete random variable. I also look at the variance of a discrete random ...

Expected values are part of the foundation of statistics and the reason why casinos don't go out of business all the time. Here, we ...

In this video, we dive into the concept of expected value to help you navigate choices involving probabilities and payouts. Imagine ...

The expected value (aka the mean) of a probability distribution is one of the most important functions of a random variable.

This video explains how to calculate the expected value of winning a game. it also explains how to calculate the expected value of ...

The focus of this video is to try and understand how we can interact with a world FILLED with probabilistic situations. In particular ...

MIT RES.6-012 Introduction to Probability, Spring 2018 View the complete course: https://ocw.mit.edu/RES-6-012S18 Instructor: ...

An introduction to the expected value and variance of discrete random variables. The formulas are introduced, explained, and an ...

More resources available at www.misterwootube.com.

NOTE: This StatQuest assumes that you are already familiar with the concept of an Expected Value. If not, check out the 'Quest: ...

Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: ...

We delve into the difference between an expected value and the average, looking at a case where they are the same and cases ...

Here, we discuss expected value and complete a few expected value problems. This material is in section 11.3 of our Math for ...

What is the expected value, really — and why does it appear everywhere from probability theory to finance, statistics, and machine ...

MIT RES.6-012 Introduction to Probability, Spring 2018 View the complete course: https://ocw.mit.edu/RES-6-012S18 Instructor: ...

For more videos in a logical order, go to: https://www.tilestats.com 1. Expected value vs mean 2. Weighted average vs the ...

New Version: https://youtu.be/Df7gUTxzCaA This lesson defines expected value and provided two examples of how to find ...

#EV, short for expected value, is the mathematical way of saying "this play is expected to net me $X amount of money in the long ...

Lecture materials: http://codeforces.com/blog/entry/62690. First, I will talk about the Expected Value - with definition, examples and ...

Sign up for Our Complete Data Science Training with 57% OFF: https://bit.ly/2ZIUrvF Learn how to calculate simple probabilities, ...