Lecture 7 closes the discussion on continuous random vairables and introduces the concept of expected value and variance of a random variable
Timeline:
00:00 Repetition
11:43 Cumulative distribution function
16:12 Calculation of probabilities for continuous random variables
27:56 Quantile of a distribution
37:09 Expected values
46:05 Expected values of functions of random variables
52:46 Properties of expected values
1:03:35 Variance
1:11:28 Properties of variance
The course “Probability“ for the 2nd year bachelors in Economics
Taught at BRICS institute, Irkutsk National Research Technical University, Winter semester 2021