Basic Introduction to Expected Monetary Value

Expected Monetary Value is one of those basic probability calculations that can help you make some fundamental decisions like if you should take that bet or determine how much money to set aside on a project for risks.  This video will cover common expected (monetary) value scenarios.

Create Filler Text in Word

Have you ever seen the text "lorem ipsum...." and usually followed by a bunch of non-sensical text in some kind of Latin / English words? This is basically filler text that is used as a placeholder for eventual meaningful text that will show up. Did you know that there is a function in Microsoft Word that can actually generate this lorem ipsum text? It's helpful if you don't have an internet connection. However if you do have an internet connection just google for lorem ipsum generator and you find a bunch of lorem ipsum generators. I found the cat themed one pretty funny.

Use the BINOM.DIST.RANGE Function for Hypothesis Testing

If you're performing hypothesis testing, you're probably familiar with the binomial distribution formula. And if you're using Excel to perform binomial distribution, you'll find a bunch of different Binomial functions. In this video, we'll cover BINOM.DIST.RANGE and how it can be used for hypothesis testing. via IFTTT