ECON 4400 Lecture 3: Lecture 3 Normal Dist. EV
Normal Distribution
XNCu02 remember to take the square root
Ivariance
mean
it ooI
Zor NCoIJ
CXi u5
Xi 1
TE e202
YNLI4
PrCye2
prCyI21 PrCTEYe
PrCZEII
using zscoretable
Measure of central tendency
expected value
median
quartiles
Measures of dispersion
variance
min Max
intergnatilerange Q3Q
Expectedvalue of RVis the long run average value of the
Rv over manyrepeated trials or occurrences
ynSonne RV
EYMy