The conditional expectation theorem : Introductory video

Before watching the video read the questions below. As you watch the video try to answer them

Questions

    • State the conditional expectation theorem
    • In the video we calculated the expectation and variance of a particular random variable using the conditional expectation theorem, which random variable?
    • Explain why $\mathbb{E}(X+1)=\mathbb{E}(X)+1$.
    • Explain why $\mathbb{E}[(X+1)^2] \ne \mathbb{E}(X^2) + 1$ and what the left hand side of this equation is really equal to
    • Explain why $\mathbb{E}[\ln(XY)] = \mathbb{E}[\ln(X)] + \mathbb{E}[\ln(Y)]$