Walks you through the expected value notation E(X), the mean, the expected value of a discrete random variable, the expected value of a continuous random variable, an expected value example, and expected value properties. Shows expected value probability concepts.
Expected Value Lesson:
https://www.mathcelebrity.com/expected-value.php
Time Stamps:
00:00 Intro
00:25 What is Expected Value?
00:42 Expected Value Notation
00:50 Expected Value Example Coin Flip
01:46 Expected Value of a Discrete Random Variable
02:36 Expected Value of a Continuous Random Variable
03:06 Expected Value of a Constant and a Variable
03:40 Expected Value of a Constant
03:54 Expected Value of a Product
04:17 Variance Definition Using Expected Value
04:50 Expected Value Additional Details
05:15 Outro
