Business Statistics Lecture 12: Random Variables, Distributions & Expected Value

Business Statistics Lecture 12: Random Variables, Distributions & Expected Value — a complete classroom lecture for B.Com, BBA, MBA and CA students, covering from outcomes to random variables, discrete and continuous random variables, probability distributions: the discrete case, expected value, expected monetary value in business, variance and standard deviation of a random variable, business applications and limitations. In this lecture: From outcomes to random variables • Discrete and continuous random variables • Probability distributions: the discrete case • Expected value • Expected monetary value in business • Variance and standard deviation of a random variable • Business applications and limitations. Watch the full Business Statistics course in order:    • Business Statistics: Complete Course (40 L...   Next: Lecture 13 — Discrete Probability Distributions:    • Business Statistics Lecture 13: Discrete P...   By Anil Kumar, Assistant Professor, Shri Ram College of Commerce (SRCC), University of Delhi. #BusinessStatistics #Statistics #Commerce #BCom #BBA #MBA #CA