Expected Value: Projects, Insurance & Games
This lesson is part of the course
In this lesson
You compare three projects by expected value and work out whether an e-bike theft policy pays on average.
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Lessons in this course
- Probability Basics: Counting Outcomes & Complements Locked
- Counting: Permutations & Combinations Locked
- Conditional Probability & Two-Way Tables Locked
- Bayes' Theorem: When an Alert Goes Off Locked
- Expected Value: Projects, Insurance & Games Locked
- Binomial Distribution: Quality Inspection Locked
- Poisson Distribution: Walk-ins per Hour Locked
- Normal Distribution, z-Scores & a First Simulation Locked