Today, we reaffirmed that the Expected Value is a long-term average. Meaning the results of a small handful of trials are unlikely to produce the same average as the expected value, however increasing the number of trials will produce averages more in line with what you expect.
Don’t forget that our test on this unit will be on Thursday, April 11th!
- Homework: HW 8.12 – Understanding Expected Value
- Lesson video: Calculating Expected Value (this is the same video as what was posted yesterday)