6. Random Variables and Expectation

6.1 Random Variables, Expectation, and the Law of Large Numbers



To deal with uncertain situations, we assign all of the possible outcomes values. This video explains these situations as random experiments and examines how we should approach them in our lives. The Large of Large Numbers is employed to find the expected value of each scenario.



6.2 Regression Toward the Mean


The way that we look at random and rare events is often surprising. The video further discusses random variables and their expected value. Using the examples of a so-called jinx and of genetics, the concept of regression toward the mean is examined and its importance in uncertain situations is explained.