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Expected Value
7:58
YouTubePatrick J
Expected Value
Expected Value | Definition and Practical Example with a Game Spinner In this video, we dive into the concept of expected value, a fundamental concept in probability and statistics used to predict the average outcome of a random event over time. We begin with the formula for expected value and explain how it is calculated for a series of ...
397.7K viewsMay 5, 2009
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