Discrete Random Variables – Expectation (with Excel)
Expectation of a Random VariableIn 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.
Data Analytics for Decision Making: An Introduction to Using Excel
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