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Onur DOGAN

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Onur DO AN? Show it, for example 3 Theorem Theorem Theorem Theorem In probability theory and statistics covariance is a measure of how much two random ... – PowerPoint PPT presentation

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Title: Onur DOGAN


1
  • Onur DOGAN

2
Law of the Unconscious Statistician
3
Example 1
  • ?

4
Variance

5
Example 2
6
Solution
7
Example 3
8
Solution
9
Theorem
  • Show it, for example 3

10
Properties of the Variance
  • Theorem
  • Theorem

11
Properties of the Variance
  • Theorem
  • Theorem

12
Moment
13
The Median
14
Example 4
15
Example 5
16
Example 6
17
Covariance and Correlation
  • In probability theory and statistics covariance is
    a measure of how much two random
    variables change together.

18
Example
  • LetX and Y be the test scores of two different
    exams,

19
Correlation
20
Utility
21
Utility
22
Utility
23
Example
  • For example, consider two gambles X and Y for
    which the gains have the following probability
    distributions
  • By using a linear utility function
  • By using

24
Example
25
Example
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