Probability. Lecture 7. Continuous Random Variables (part 2) + Expected Values

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