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Expected Value & Variance of Probability Distributions
Lecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.
- Intro
- Roadmap
- Discrete vs. Continuous Random Variables
- Mean and Variance Review
- Mean: Sample, Population, and Probability Distribution
- Variance: Sample, Population, and Probability Distribution
- Example Situation
- Some Special Cases…
- Linear Transformations
- n Independent Values of X
- Compare These Two Situations
- Two Random Variables, X and Y
- Example 1: Expected Value & Variance of Probability Distributions
- Example 2: Expected Values & Standard Deviation
- Example 3: Expected Winnings and Standard Deviation






























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