Variance

Tuesday, 2 July 2019

2:24 PM

The variance of a random variable  describes the disperson of the possible values of  around the expectation/mean

 

It is denoted by  or .

 

Where  is the expectation/mean

 

 

 

Discrete

Continuous

 

 

 

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We can also calculate the variance

 

 

 

Machine generated alternative text:
E(X2) E x2p(x) or E(X2) = 
xeSx

 

 

Linear transformation

 

Created with Microsoft OneNote 2016.