I have to know the expectation of some quantities in real life because in times that I needed it, specially in buying something, I can use my ability to compute the price of an object or the thing that I would buy.
In statistics and probability, random variables are extremely important, and if you want to understand probability distributions, you'll need them. It's a function that converts a random process's results into a numerical value. It has a variety of values since it is subject to chance. Random variables are most commonly utilized in probability and statistics, where they are used to quantify the effects of random events. In order to evaluate the likelihood of a negative event occurring, risk analysts use random variables.
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I have to know the expectation of some quantities in real life because in times that I needed it, specially in buying something, I can use my ability to compute the price of an object or the thing that I would buy.
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hi.
In statistics and probability, random variables are extremely important, and if you want to understand probability distributions, you'll need them. It's a function that converts a random process's results into a numerical value. It has a variety of values since it is subject to chance. Random variables are most commonly utilized in probability and statistics, where they are used to quantify the effects of random events. In order to evaluate the likelihood of a negative event occurring, risk analysts use random variables.
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