Probability theory
Expectation and variance from lists
Expectation and variance from lists measures the average squared spread of values around their mean.
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Expectation and variance from lists: calculated from the entered values
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- 02Calculation
- 03Answer
What it means
Expectation and variance from lists measures the average squared spread of values around their mean.
How it works and where it is used
Use this calculation for estimating the mean and spread of random variables in statistics and risk management.