Expected value

Class lecture notes

• Expected value & coincidences.  An introduction to expected value and coincidences. Submitted by Bob Heckard.
• Probability rules and expected value examples.  The multiplication rules for probability along with some expected value examples.  Submitted by Bob Heckard.
• Summarizing a  probability distribution.  An introduction to summarizing a probability distribution using mean, variance, and standard deviation. Submitted by Herb McGrath.

Videos

• For All Practical Purposes: Statistics Video 4:  Place Your Bets.  Analyzes how long-term patterns of chance events can be predicted by looking at the operation of a gambling casino.  (25:00 mins.)  Video available from Penn State AVS.