Expected value (mean) for a discrete random variable

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In this video, we solve an expected value problem related to the buying and selling of items at a pawn shop. The expected value of a discrete random variable, X, is the same as the mean value of x.

  1. Dane McGuckian (STATSprofessor)
  2. expected value formula example
  3. statistics expected value formula applied
  4. expected value statistics formula example
  5. expected value of x
  6. mean of a discrete random variable
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