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Discrete Random Variables – Expectation (with Excel)

Expectation is an important measure of central location for random variables. In this video, Adrian Gepp explains more.

Expectation of a Random Variable

In Week 1, we spoke about how we can describe the central location of a variable.
This is also important to measure for random variables. In this video Adrian re-introduces the mean, or expectation now, for random variables. The expectation represents the long run average of the random variable.
Up next, we’ll also revisit a measure of spread.
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Data Analytics for Decision Making: An Introduction to Using Excel

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