Hi Everyone! Today, we will learn about the concepts of expected value, variance and standard deviation. We will also learn about their implementation using MS-Excel. Consider a firm M which has collected the data of profits and the probability of their occurrence. The profits can be taken in the scale of 1000’s of $. We […]
Expected value, variance and standard deviation Hi Everyone! Today, we will learn about the concepts of expected value, variance and standard deviation. We will also learn about their implementation using MS-Excel. Consider a firm M which has collected the data of profits and the probability of their occurrence. The profits can be taken in the […]
Hi ML enthusiasts! In our last post, we talked about basics of random variables, probability distributions and its types and how to generate a discrete probability distribution plot. In this article, we will talk about the Discrete Uniform Probability Distribution and its implementation with MS-Excel. Discrete Uniform Probability Function Consider the experiment of rolling a […]
Discrete Uniform Probability Distribution Hi ML enthusiasts! In our last post, we talked about basics of random variables, probability distributions and its types and how to generate a discrete probability distribution plot. In this article, we will talk about the Discrete Uniform Probability Distribution and its implementation with MS-Excel. Discrete Uniform Probability Function Consider the […]
Hi ML Enthusiasts! Today, we will talk about discrete probability distributions and their implementation in MS-Excel. This is very important as it lays the foundation of statistics which is very useful if you want your career in Data Science. So, let’s get started! Random Variables and their Types Every experiment that we do has its […]
