Stage 33 · Probability

33.7.4 Properties and Uses of Variance

33.7 Expectation and Variance

Point 4 of 4

33.7.4 Properties and Uses of Variance

Core idea

Between two plans with the same expectation, the one with smaller variance is steadier, handy for weighing risk when you decide

Module goal. Sum up a random variable with two numbers: where it lands on average and how much it swings, paving the way for the sample numbers in statistics
eastmath.com · 33.7 Expectation and Variance · 33.7.4 Properties and Uses of Variance