Rutgers Classifieds>Rutgers Online Courses>Probability and Statistics II: Random Variables – Great Expectations to Bell Curves

Probability and Statistics II: Random Variables – Great Expectations to Bell Curves

About this Course

This course discusses properties and applications of random variables. When you’re done, you’ll have enough firepower to undertake a wide variety of modeling and analysis problems; and you’ll be well-prepared for the upcoming Statistics courses. We’ll begin by introducing the concepts of discrete and continuous random variables. For instance, how many customers are likely to arrive in the next hour (discrete)? What’s the probability that a lightbulb will last more than a year (continuous)? We’ll learn about various properties of random variables such as the expected value, variance, and moment generating function. This will lead us to a discussion of functions of random variables. Such functions have many uses, including some wonderful applications in computer simulations. If you enjoy random variables, then you’ll really love joint (two-dimensional) random variables. We’ll provide methodology to extract marginal (one-dimensional) and conditional information from these big boys. This work will enable us to study the important concepts of independence and correlation. Along the way, we’ll start working with the R statistical package to do some of our calculations and analysis.

Created by: The Georgia Institute of Technology

Level: Intermediate


Related Online Courses

We begin with an introduction to the relevant biology, explaining what we measure and why. Then we focus on the two main measurement technologies: next generation sequencing and microarrays. We... more
Do you want to build systems that learn from experience? Or exploit data to create simple predictive models of the world? In this course, part of the Data Science MicroMasters program, you will... more
What factors increase or decrease your likelihood of economic mobility? Does the neighborhood you grew up in play a part? How different is your life from the family’s life just a few streets o... more
Big data is transforming the health care industry relative to improving quality of care and reducing costs--key objectives for most organizations. Employers are desperately searching for... more
¿Necesitas incorporar la inteligencia de negocio a tu empresa de forma que te permita analizar cantidades ingentes de datos para tomar las mejores decisiones? Power BI Desktop, la herramienta ... more

CONTINUE SEARCH

FOLLOW COLLEGE PARENT CENTRAL