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Expected Values, Main Ideas!!!
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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 walk through two examples that explain the concepts behind Expected Values and its fancy looking notation. BAM!
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0:00 Awesome song and introduction
5:09 Calculating an Expected Value
8:02 Expected Value notation
10:30 A more complicated example of Expected Values
#StatQuest #Statistics #ExpectedValue
For a complete index of all the StatQuest videos, check out:
If you'd like to support StatQuest, please consider...
Buying my book, The StatQuest Illustrated Guide to Machine Learning:
...or...
...a cool StatQuest t-shirt or sweatshirt:
...buying one or two of my songs (or go large and get a whole album!)
...or just donating to StatQuest!
Lastly, if you want to keep up with me as I research and create new StatQuests, follow me on twitter:
0:00 Awesome song and introduction
5:09 Calculating an Expected Value
8:02 Expected Value notation
10:30 A more complicated example of Expected Values
#StatQuest #Statistics #ExpectedValue
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