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About Statistical Averages: I I I N I
This document introduces statistical averages and their importance in measuring quantities obscured by random variations. It defines the empirical average of observed values as the sum of the values divided by the number of observations. The empirical average is a random variable whose variance decreases as more independent measurements are taken. Expected value is defined as the probability-weighted average of all possible outcomes of a random variable. Functions of random variables also have expected values that can be calculated from the probabilities of the random variables. Multivariate functions of multiple random variables are handled by treating each component separately.
Detailed Information
| Author: | ['a_karim'] |
|---|---|
| Publication Year: | 2013 |
| Pages: | 18 |
| Language: | English |
| Format: | |
| Price: | FREE |
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