Uploaded March 2021 | Updated September 2026, 1 week ago

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Expected values are part of the foundation of statistics and the reason why casinos don't go out of business all the time. Here, we walk through two examples that explain the concepts behind Expected Values and its fancy looking notation. BAM!

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0:00 Awesome song and introduction
5:09 Calculating an Expected Value
8:02 Expected Value notation
10:30 A more complicated example of Expected Values

#StatQuest #Statistics #ExpectedValue