Math Problem Statement
Expected mean of X and Y
Solution
The expected mean (or expected value) of random variables and are calculated using the following formulas:
-
For a single random variable :
if is discrete, or
if is continuous, where is the probability density function of . -
For two random variables and :
- If they are independent:
- If they have a joint distribution: where is the joint probability density function.
Do you want more details or have any questions about this?
Here are 5 related questions you might find useful:
- How do you calculate the expected value when and are not independent?
- What is the variance of the sum of and ?
- How does covariance affect the expected value of ?
- Can you explain the Law of the Unconscious Statistician?
- How is the expected value used in real-world applications like finance or statistics?
Tip: Expected value is a measure of the center of a probability distribution, often interpreted as the long-run average outcome of a random variable.
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Math Problem Analysis
Mathematical Concepts
Expected Value
Probability Theory
Random Variables
Formulas
E(X) = Σ x_i P(X = x_i) (for discrete random variable X)
E(X) = ∫_{-∞}^{∞} x f_X(x) dx (for continuous random variable X)
E(X + Y) = E(X) + E(Y) (if X and Y are independent)
E(X + Y) = ∫_{-∞}^{∞} ∫_{-∞}^{∞} (x + y) f_{X,Y}(x, y) dx dy (for joint distribution of X and Y)
Theorems
Law of Total Expectation
Additivity of Expectation
Suitable Grade Level
Grades 10-12
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