Expected Value of Random Variables | Intro to Statistics
In this video, we'll cover expected values in this video and how to work with them. We'll start with the definition of expected value in the context of random variables, look at the formula that expected value follows, then use some example situations to calculate the expected value of sample random variables.
Watch the whole Introduction to Statistics playlist: • Introduction to Statistics
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00:00 Intro
01:33 Expected value
01:50 Expected value equations
02:59 Example
05:45 Summary