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random variable
is a variable whose value is numerical and is determined by the outcome of an experiment
discrete random variable
when the possible values of a random variable can be counted
or listed (like a dice or a coin)
continuous random variable
When a random variable may assume any numerical value in one or more intervals on the real number line (like any point between 1 and 7 including non integers
a discrete prob-ability distribution
a table, graph, or formula that gives the probability associated
with each possible value that the random variable can assume
We denote the probability distribution of the discrete random variable x as p(x)
p(x) ≥ 0 for each value of x
Σ p(x) = 1
Expected Value or The Mean, of a Discrete Random Variable
The mean, or expected value, of a discrete random variable x is denoted a μx
μx = Σ xp(x)
E.G. 0p(0) + 1p(1) + 2p(2) + 3p(3) + 4p(4) + 5p(5)
variance of a discrete random variable
is equal to the variance formula with the inclusion the probability of each variable
σ²x=∑( (x-μ)² f(x) )
uniform distribution
suppose that a random variable x is
equally likely to assume any one of n
binomial distribution
1. The experiment consists of n identical trials.
2 Each trial results in a success or a failure.
3 The probability of a success on any trial is p and remains constant from trial to trial.
4 The trials are independent (that is, the results of the trials have nothing to do with each other).
Binomial distribution formula
f(x) = [ n! / (x! ( n - x)! ] ( p^x ) (q^ (n-x) )
p = the probability of success
q = the probability of failure = 1 - p
x = the number of succesfuls
n = the amount of trials
f(x) = the probability of x successes in n trials
number of ways to arrange x successes among n trials (exact same as the combination formula)
( n! / (x! ( n - x)! )
x = the number of successes
n = the number of trials
probability of achieving a certain amount of successes and fails in any order
( p^x ) (q^ (n-x) )
The mean of binomial distribution
μx = np
The Variance of standard deviation
σx^2 = npq
Cumulative probability
meaning to add up probabilities of different levels of success to determine probability above or below a certain amount of successes