Gives an intuitive explanation of the equation for the Expectation of a Random Variable, and explains how it relates to the Average Value.
Related videos: (see: http://iaincollings.com)
• What is a Random Variable? https://youtu.be/MM6QM3y8pvI
• What is a Probability Density Function (p.d.f.)? https://youtu.be/jUFbY5u-DMs
• What is a Multivariate Probability Density Function (PDF)? https://youtu.be/fKTBKmx0NS8
• What is a Cumulative Distribution Function (CDF) of a Random Variable? https://youtu.be/WZffV55o9T8
• What is a Moment Generating Function (MGF)? https://youtu.be/wjwLTNYOuI4
• Three Door Gameshow Problem Explained https://youtu.be/zhpbYCQwkM0
For a full list of Videos and accompanying Summary Sheets, see the associated website: http://www.iaincollings.com