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YouTube

Random Variables, Means, Variance, and Standard Deviations in Probability and Statistics

Insights into Mathematics via YouTube

Overview

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Learn about random variables, probability distributions, and key statistical concepts in this 53-minute video lecture. Explore the fundamentals of random variables as functions on probability spaces and their associated probability distributions. Discover how to calculate and interpret three crucial statistical measures: mean (expected value), variance, and standard deviation. Examine practical examples, including a lottery scenario, to reinforce your understanding of these essential probability and statistics concepts.

Syllabus

Random variables
Three numbers associated to a random variable X
Probability distribution of a random variable
Example; lottery example
Expected value / mean
Variance
Formula for variance
Standard deviation

Taught by

Insights into Mathematics

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