We’ve introduced the last major topic from our unit on Probability: the Expected Value. This quantity is a long-term per-trial average, that gives you a way of determining what a typical outcome of a handful of trials should be. This is an important tool in the field of statistics, and will be something you’ll see again in later math classes.
- Homework: HW 8.10 – Expected Value
- Notes: Finding expected value
- Lesson video: Finding expected value from a probability distribution