Chapter 6: Probability Distribution

Chapter 6: Probability Distribution

1. Definition

   • Listing of all the outcomes of an experiment
   • Characteristics
     • 1. Outcome is between 0 and 1
     • 2. Mutually exclusive event
     • 3. The sum is 1

2. Random Variables

   • Discrete
     • can assume only certain clearly separated value
   • continuous
     • can assume an infinite number of value within a given range

3. Binomial Probability Distribution

   • Widely occurring discrete probability distribution

4. Compute

   • mean of a probability distribution
   • Variance and standard deviation