What is intuitively meant by the expectation (or expected value) of a random variable? Variance? Standard deviation?

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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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Question Posted: Feb 12, 2018 09:08 AM

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What is intuitively meant by the expectation (or expected value) of a random variable? Variance? Standard deviation?

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he three values give a general impression of the behavior of the random variable T...View the full answer

Finite Mathematics and Its Applications

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