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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 ...

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 ...

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

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 ...

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

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

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

Trading expected value tells you how likely you are to have a trading edge over a period of time, and it is non-negotiable to know ...

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

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

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

More resources available at www.misterwootube.com.

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

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

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

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

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

Expected value of a random variable.