Expected Value
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Uploaded by patrickJMT on May 5, 2009
In this video, I show the formula of expected value, and compute the expected value of a game.
The final answer represents the net transaction to you!! It means you can expect to be $0.875 richer than before you played the game, on average!
For more free math videos, visit http://JustMathTutoring.com
- 160 likes, 6 dislikes
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Top Comments
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I'm lost in Statistics. This helped a lot.
1 year ago 15
All Comments (113)
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The probability of me being lost is zero now thanks to you :)
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@laucherhan I think the 1 dollar you spend in each game is already factored in calculating the E(X)
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Thank you. This helped me understand expected value the day before my final.
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have you published a book yet? I wanna buy your book and where did you get your studying materials? I'm currently studying to be an actuary, my studying materials such so much that make very little sense, can you help? thanks
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If you play 100 times, you'll get bored.
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Can you take my final?
yuyupb 2 months ago 2
@yuyupb sure, but i would just draw pictures and not actually answer anything
patrickJMT 2 months ago 8
. . . . it takes an art to teach math. . . . .Sir you have master this art.
Srjuanando 4 months ago 2
@Srjuanando thanks : )
patrickJMT 4 months ago
This is AP CALC?!?!?! I'm learning this in Algebra 1!!! (and i'm starting to understand a bit)
Stirfry0 1 year ago
@Stirfry0 no, this is not ap calc
patrickJMT 1 year ago 3