Asked by Jamal Abumonshar on Sep 26, 2024
Another name for the mean of a probability distribution is its expected value.
Probability Distribution
A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.
Expected Value
The long-run average value of repetitions of the experiment it represents, computed as the weighted average of all possible values.
- Distinguish between the mean, variance, and standard deviation in the context of probability distributions.
Learning Objectives
- Distinguish between the mean, variance, and standard deviation in the context of probability distributions.