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Results tagged with expected-value
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user 383728
The expected value of a random variable is a weighted average of all possible values a random variable can take on, with the weights equal to the probability of taking on that value.
4
votes
Provide an intuitive example of the linearity of expectation
Sticking to your example, here's an intuitive way to understand the linearity of expectation (at least to me):
Consider the $i$th-consecutive pair in the sequence of 9 cards of two different colors, 4 …
- 670
1
vote
1
answer
80
views
Calculate expected survival time for two stage survival
In a book about Biostatistics, I found this example to calculate expected value:
Consider the following hypothetical example of a lung cancer study in which all patients start in phase 1, transition …
- 670