Expected Value of Discrete Probability Distributions in Stapplet
Learn how to calculate expected value, mean, standard deviation, and usual values for discrete probability distributions using Stapplet. This video walks through a real-world problem involving juror selection and probability distributions, demonstrating how to use Stapplet’s discrete random variable calculator to analyze probabilities, calculate expected outcomes, and assess statistical significance. We also discuss how to determine whether an observed value is unusual based on standard deviation and compare results to a binomial distribution model.
Reference Material:
Introductory Statistics 2e, Barbara Illowsky & Susan Dean, OpenStax: https://openstax.org/details/books/in...
Transcript: https://tinyurl.com/3pfux7v4
Topics:
Stapplet.com
Expected value and mean
Standard deviation
Identifying usual and unusual values in probability distributions