Concepts2
∑MathIntermediate
Variance and Covariance
Variance measures how spread out a random variable is around its mean, while covariance measures how two variables move together.
#variance#covariance#standard deviation+12
∑MathIntermediate
Probability Fundamentals
Probability quantifies uncertainty by assigning numbers between 0 and 1 to events in a sample space.
#probability#sample space#conditional probability+12