Concepts2
📚TheoryIntermediate
Probability Distributions
Probability distributions describe how random outcomes are spread across possible values and let us compute probabilities, expectations, and uncertainties.
#probability distributions#pmf#pdf+12
∑MathIntermediate
Expected Value
Expected value is the long-run average outcome of a random variable if you could repeat the experiment many times.
#expected value#linearity of expectation#indicator variables+12