Crash Course Statistics

Randomness (1x17)

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There are a lot of events in life that we just can’t predict, but just because something is random doesn’t mean we don’t know or can’t learn anything about it. Today, we’re going to talk about how we can extract information from seemingly random events starting with the expected value or mean of a distribution and walking through the first four “moments” - the mean, variance, skewness, and kurtosis.