Probability & Statistics · Probability
Random Variables & Expectation
Turning uncertain outcomes into numbers: discrete random variables, probability distributions, expected value, variance and standard deviation, linearity of expectation, and using EV to judge bets, insurance and investments.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Conditional probability. Next: Distributions: normal, binomial, Poisson & fat tails. Follows Khan Academy Statistics & Probability, Harvard Stat 110 (Joe Blitzstein), *Introduction to Probability* (Blitzstein & Hwang).Next: 1. Definitions