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What is Expected value and variance?
Expected value falls under the subdivision of microeconomics, and it is the possible value that can occur due to an experiment. In case the experiment is conducted for a number of times, the result might differ. This theory can be explained through a wide variety of equations and theorems which can be very puzzling at times.
Variance refers to a tool which is needed for calculating sets of numbers. This is mostly used in probability theory and statistics, and the study involves numerous calculations at the time of conducting researches. Due to this reason, students often need Expected value and variance Assignment Help to be able to understand the concept and do the calculations quite easily. At myhomeworkhelp.com, we have qualified tutors who can offer you the same.
Why is it important?
Expected Value is essential for taking various important financial decisions in large corporate organizations. As Variance is one of the most significant disciplines in probability theorem, it is also very significant in decision-making. Distribution needs the use of variance and also assists in differentiating means from each other. It is essential to understand this concept.
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