Probability. Lecture 10. Joint Distributions (part 2)

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Lecture 10 continues the discussion on the concept of joint distributions. We introduce the concepts of independent random variables, expected value of a function of random variables, covariance and correlation Timeline: 00:00 Repetition 07:24 Independent random variables 16:40 Expected value of a function of random variables 39:23 Covariance 1:00:55 Correlation coefficient The course “Probability“ for the 2nd year bachelors in Economics Taught at BRICS institute, Irkutsk National Research Technical University, Winter semester 2021

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