R^n is a set of coordinates in nD.R^n can be used to combine numbers in a geometrical space versus simply having several numbers.

N-tuples Of R

Carly Hilbert on Aug 18

Random Variable: A variable that is currently undefined with an attached probability. Defining them is important to quantify outcomes.

1. Random Variables

Discrete: distinct, individual valueContinous: any value in an interval The difference between them is akin to integers vs any number.

2. Discrete and Continous RV

0 = 0% chance of occurring1 = 100% chance of occurringKnowing that something will happen, all probabilities add up to 1. Mapping out the outcomes and quantifying them allows us to calculate the individual probabilities.

3. Constructing a Distrubution for D RV

1. First always find relative frequencies.2. All models must add up to 1 or 100%3. These models can then be put in graphs or charts or otherwise presented

4. Probability Models

1. Calculate mean by taking the possible value of the variable and multiplying it by the probability of said value2. 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.

5. Mean/expected Value Of D RV

Variance = sum of all possible values minus the mean, squared, times the relative probability.Ie: (0-3.4)^2 x 0.32 + (1-3.4)^2 x 0.32....Standard deviation = square root of variance- denoted with sigma- represents on average how far off actual values are from the calculated mean.

6. Variance And Standard Deviation Of D RV

Random variables | Statistics and probability | Math

Wealth is not just having a lot of money, its about having a supply of a lot of money. 1. Earlier is better2. Never underestimate the power of compounding3. Give yourself more time4. Generate worth with your productMultiple income streams are ideal, but you should be able to help people with your product/service.Take your talents and skills to give value to other people, as people give as much value as they can take from something.

Wealth Strategies: Lesson 1

Saving money efficiently starts with the mindset of: Save money and spend what's left.You need a system to have actual wealth growth. Consistency is key.

Wealth Strategies: Lesson 2

Turn yourself into an asset. Scare assets are worth more, so find something that you can do well and is hard to replicate.Invest in yourself, and create a place to market your ideas. Build a platform to sell something you are truely passionate in to generate cash flow from knowledge and passion you had anyway.

Wealth Strategies: Lesson 3

moneyandinvestments

Money & Investments

habits

Habits

Lesson 1: Help other people get what they want

Evolution of trust requires 3 things.1. Repeat Interactions2. Possible win win scenarios3. Low levels of miscommunicationEven though our environment prevents our evolution of trust, we have the power to shape our environment to better encourage trust by following the above principles. Source: ncase.me/trust/

Carly Hilbert on Aug 18

Random variables | Statistics and probability | Math

Lesson 1: Help other people get what they want

Carly Hilbert on Aug 12

Carly Hilbert