Exercise 1

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Skills You'll Learn

Bayes' Theorem, Normal Distribution, Probability, Conditional Probability

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SP

Mar 22, 2023

It's a great course, loved the way Prof. Karl Schmedders explains things. However one area of improvement of this course is - the methods adopted in the exercises needed to be covered in the lectures.

FR

May 20, 2020

I really enjoyed this course. The explanations are clear and, as suggested by the title, the lecturer uses intuition and daily-life examples rather than abstract and formal definitions and notations.

From the lesson

Discrete Random Variables

In this module we move beyond probabilities and learn about important summary measures such as expected values, variances, and standard deviations. We also learn about the most popular discrete probability distribution, the binomial distribution.

Taught By

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    Karl Schmedders

    Professor of Quantitative Business Administration

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