A+ » VCE » Maths Methods U3 & 4 Master Notes » A4 Probability and Statistics » Standard Deviation

# Standard Deviation

## 3.2 Mean, Variance, Standard Deviation, Interquartile Range

#### Expected Value (Mean)

• The expected value for a continuous random variable X is given by

E(X)=\int_{-\infty}^{+\infty} x \cdot f(x) d x=\int_{c}^{d} x \cdot f(x) d x

where [c,\ d] is the range of x where, outside of this range, we have f(x)=0.

• As usual E(X) can also be denoted as the Greek letter \mu (mu).
• Expanding the formula, we have
Read More »3.2 Mean, Variance, Standard Deviation, Interquartile Range

## 2.3 Variance and Standard Deviation

#### Variance

• The actual outcome will often differ from the mean (or E(X)). Sometimes the difference is large, sometimes it is not (or even sometimes no difference).
• The variance of a random variable captures the spread of the probability distribution about its mean value. It is defined as

\operatorname{Var}(X)=E\left[(X-\mu)^{2}\right]

and \operatorname{Var}(X) represents the variance of X.

• \operatorname{Var}(X) can also be denoted as the Greek letter \sigma^{2} (called sigma square).
• It is also considered as the long-run average value of the square of the distance from X. Also, notice that there is always \operatorname{Var}(X) \geq 0.
• Instead of having \operatorname{Var}(X)=E\left[(X-\mu)^{2}\right], we can also have
Read More »2.3 Variance and Standard Deviation

## The Normal Distribution [Video Tutorial]

This tutorial covers material encountered in chapter 16 of the VCE Mathematical Methods Textbook, namely: Normal random variables The standard normal distribution Standardising a normal… Read More »The Normal Distribution [Video Tutorial]

## Continuous Random Variables [Video Tutorial]

This tutorial covers material encountered in chapter 15 of the VCE Mathematical Methods Textbook, namely: Continuous random variables Probability density functions Mean, variance and standard… Read More »Continuous Random Variables [Video Tutorial]

## Introduction to Probability [Video Tutorial]

This tutorial covers material encountered in chapter 13 of the VCE Mathematical Methods Textbook, namely: Basic set and probability theory Addition and multiplication (Bayes’ Theorem)… Read More »Introduction to Probability [Video Tutorial]