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For a population the mean and the expected value are just two names for the same thing.
For a sample the mean is the same as the average and no expected value exists.
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How much error is expected between the sample mean and population mean?
0. The expected value of the sample mean is the population mean, so the expected value of the difference is 0.
Is there any difference between expected value and arithmetic mean?
There is. Arithmetic mean is simple average of numbers not weighted by anything. However in EV, the numbers are weighted by their probability
Distinguish between mean deviation and standard deviation?
The mean deviation for any distribution is always 0 and so conveys no information whatsoever. The standard deviation is the square root of the variance. The variance of a set of values is the sum of the probability of each value multiplied by the square of its difference from the mean for the set. A simpler way to calculate the variance is Expected value of squares - Square of Expected value.
What is the difference between standard deviation and mean?
The mean is the average value and the standard deviation is the variation from the mean value.
What is it meant by the expected value is observable?
The expected value is the arithmetic mean. It may not always be a value that is realised. Consider rolling a fair normal die. The mean or expected value of the outcome is 3.5 but a normal die will never ever turn up 3.5 since it has only integer values.
How much error is expected between the sample mean and population mean?
0. The expected value of the sample mean is the population mean, so the expected value of the difference is 0.
Is there any difference between expected value and arithmetic mean?
There is. Arithmetic mean is simple average of numbers not weighted by anything. However in EV, the numbers are weighted by their probability
Distinguish between mean deviation and standard deviation?
The mean deviation for any distribution is always 0 and so conveys no information whatsoever. The standard deviation is the square root of the variance. The variance of a set of values is the sum of the probability of each value multiplied by the square of its difference from the mean for the set. A simpler way to calculate the variance is Expected value of squares - Square of Expected value.
Is the expected value the same as the standard deviation?
No. The expected value is the mean!
What is the difference between standard deviation and mean?
The mean is the average value and the standard deviation is the variation from the mean value.
What is it meant by the expected value is observable?
The expected value is the arithmetic mean. It may not always be a value that is realised. Consider rolling a fair normal die. The mean or expected value of the outcome is 3.5 but a normal die will never ever turn up 3.5 since it has only integer values.
What does mean and range mean in mathematics?
I only know what mean is, so mean is the same thing to the average. * * * * * Range is the difference between the maximum value and the minimum value. Range = Maximum - Minimum.
What is the mean of a normal distribution?
It is the expected value of the distribution. It also happens to be the mode and median.It is the expected value of the distribution. It also happens to be the mode and median.It is the expected value of the distribution. It also happens to be the mode and median.It is the expected value of the distribution. It also happens to be the mode and median.
Does difference mean subtract or divide?
You would use subtract to find the difference between values, by subtracting the lower value from the higher one.
The mean or expected value of the distribution of a discrete random variable is?
30.47
What will produce a large value for the chi-square statistic?
A chi-square statistic can be large if either there is a large difference between the observed and expected values for one or more categories. However, it can also be large if the expected value in a category is very small. In the first case, it is likely that the data are not distributed according to the null hypothesis. In the second case, it can often mean that that, because of low expected values, adjacent categories need to be combined before the chi-square statistic is calculated.
What is mean trade?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
