Applied Statistics (Entire Course) - Statistics - 5.1.1 Expected Value of Discrete Probability Distributions

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16.5 hours of video
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Full Transcript

In this video, we're going to be talking about the expected value of a discrete probability distribution. This video is a great primer on probability and will help you understand some of the concepts you'll encounter in statistics class. If you're new to probability and want to get started quickly, this is the video for you! By the end of this video, you'll have a good understanding of how to calculate the expected value of a discrete probability distribution. So be sure to watch it! 0:00 Intro 0:08 Expected Value of Discrete Probability Distributions (Terminology and Understanding) 3:27 Practice Finding Expected Value 7:54 SumProduct for Expected Value in Excel 15:02 Practice on Your Own 16:29 Up Next This playlist follows the text, Beginning Statistics, 3rd ed, Warren, Denley, Atchley Power Point: https://bellevueuniversity-my.sharepoint.com/:p:/g/personal/kbrehm_bellevue_edu/Efuz8fVM4AZJnWCoAe2ea2UBhBpERZfhnmoYJ07dTYBQ2A?e=beL2A5 Playlist: https://www.youtube.com/playlist?list=PLl-gb0E4MII1dkfGxmdt8YA0Dgabdvdmq