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Lecture 5 Examples

Lecture 5 Examples. Review formula for mean and variance Finish the phone call and stock examples from Lecture 4 Illustrate how to set up X and Y, how to interpret probability as proportion, connect to the normal curve, distribution of items in the phone call bill.

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Lecture 5 Examples

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  1. Lecture 5 Examples • Review formula for mean and variance • Finish the phone call and stock examples from Lecture 4 • Illustrate how to set up X and Y, how to interpret probability as proportion, connect to the normal curve, distribution of items in the phone call bill. • Explain again what independence mean using these examples (explain the formula EXY=EX EY) • Leading to the need of correlation (stock example)

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