5. Mean/expected Value Of D RV - Deepstash
5. Mean/expected Value Of D RV

5. Mean/expected Value Of D RV

1. Calculate mean by taking the possible value of the variable and multiplying it by the probability of said value

2. Then add all values together and divide by total number of values, like a normal average.

The result is not exact for every situation, but acts as a good assumption.

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Basic stats to give an introduction

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