8. Expected Value & Variance

In this video, we delve into the concepts of expected value and variance, crucial for understanding the behaviour of random variables.
Learn how to calculate the expected value and variance for both discrete and continuous random variables with clear examples, including rolling a fair die and analyzing a uniform distribution.
We'll break down the formulas and provide intuitive interpretations to help you grasp these fundamental statistical measures.
Perfect for students and anyone looking to strengthen their understanding of probability and statistics!
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Please find a proper proof for Var(X) here: th-cam.com/video/kpHRwDmsiZU/w-d-xo.htmlsi=3R-fKrx5gnXsiNx8