Chapter 7: Random Variables and Discrete Probability Distributions_

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Lessons

1a | Relative Frequencies + Discrete Variables (Preview)

Length: 16 minutesAuthor: JasonComplexity: Easy

Most of the chapter exercises in the text give you a complete probability distribution to work from, but what if you are only presented with frequencies and need to construct your own distribution? I’ll show you how in this video. I also check to see that the two requirements of a probability distribution have been satisfied.

1b | Expected Value

Length: 12 minutesAuthor: Jason

To find the average (or the EXPECTED VALUE as it's called in this chapter) of a list of outcomes when those outcomes are not equally likely to occur requires a new approach. This is a walk through of the expected value and its meaning.

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1cd | Variance and Standard Deviation

Length: 13 minutesAuthor: Jason

The variance of a probability distribution also differs (in its calculation) from what you learned in Chapter 4. I extend the tabular approach that I used to find the expected value (previous video) so be able to find the variance of x. The standard deviation of x is simply the square root of the variance (just like in Chapter 4)

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2a | Probability Trees and Discrete Variables

Length: 27 minutesAuthor: Jason

Here I solve a full exam question. First , I look at the language used in the question to identify which chapter's techniques are appropriate. Once this is determined to be a discrete probability distribution problem, I make use of a probability tree (learned in Chapter 6) to find all the possible outcomes as well as their probabilities.

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2bc | Discrete Probabilities

Length: 5 minutesAuthor: Jason

Now that we have the probability distribution, finding the probabilities of specific outcomes couldn't be any easier. If you can add, you can do this!

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2d | Expected Value

Length: 2 minutesAuthor: Jason

Time for the tabular approach to finding the expected value of x ( I use a table to keep track of my calculations). The order of operations comes into play here - Remember P.E.D.M.A.S. from high school math?

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2e | Variance of X

Length: 5 minutesAuthor: Jason

Once again, I extend the tabular approach that I used to find the expected value (previous video) so be able to find the variance of x. The standard deviation of x is simply the square root of the variance (just like in Chapter 4)

To access all lessons in Chapter 7: Random Variables and Discrete Probability Distributions, please purchase one of the following:

2f | Laws of Expected Value

Length: 13 minutesAuthor: Jason

Your textbook can be confusing when it tries to explain the Laws of Expected Value. It can be easier to understand what's happening if you think about them as the Laws of THE NEW Expected Value. I explain in more detail in this video.

To access all lessons in Chapter 7: Random Variables and Discrete Probability Distributions, please purchase one of the following:

3-8 | Multiple Choice

Length: 18 minutesAuthor: Jason

Test your understanding of Discrete Probability Distributions - each question is accompanied by a mini-video lecture showing you how I decided which solution was the correct one.

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9 | Probability Tree

Length: 11 minutesAuthor: Jason

One more exam-style question before we get to the Binomial section of Chapter 7. This solution requires the use of the probability tree to find the probability distribution of x.

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10 | Binomial Probability

Length: 22 minutesAuthor: Jason

When a discrete variable has only TWO possible outcomes (per observation), then it is a Binomial variable. The calculations of probabilities, expected value and variance are all different from the ones we just covered (for discrete probability distributions). I walk you through a question here that covers all of the new methods introduced with binomial variables.

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11 | More Binomial

Length: 29 minutesAuthor: Jason

This is a typical binomial distribution exam question. It's a trick question - the binomial 'setting' changes with each new question (a, b, c..) - so I show you what needs to be done to handle that. Binomial tables are introduced here and I show how they can be used as a much needed shortcut through the typically long calculations that binomial questions require.

To access all lessons in Chapter 7: Random Variables and Discrete Probability Distributions, please purchase one of the following:

13-17 | Multiple Choice

Length: 7 minutesAuthor: Jason

Test your understanding of Binomial Distributions - each question is accompanied by a mini-video lecture showing you how I decided which solution was the correct one.

To access all lessons in Chapter 7: Random Variables and Discrete Probability Distributions, please purchase one of the following: