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Probability Model
describes the possible outcomes of a chance process and the likelihood that those outcomes will occur
usually in table and the table has the probability
Random Variable
takes numerical values that describ ethe outcomes of some chance process
Probability Distribution
means the the possible values and their probabilities of a random variable
2 types of random variables
discrete and continuous
Discrete Random Variable
takes a fixed set of possible values with gaps between
countable
Ex. number of sixes on a die
Ex. number of children in a family —> cant be ½ children
Probability Requirements
has to be between 0 and 1
sum of the probability are 1
When analyzing discrete random variables
describe the shape, center, and spread—> any outliers
Mean of a Discrete Random Variable
Multiply each value by its probability and then add it up
Standard Deviation of a Discrete Random Variable
Square root all over the sum of (Value - Mean) times Probability of Value
Variance
Standard Deviation squared
Continuous Random Variables
Takes on all values in an interval of numbers
all values in an interval
measurable
only intervals have probability
Interpretation for Mean Variables
If many many ____ are randomly selected, we expect the average amount of _____ to be about ___.
Interpretation for Standard Deviation Variables
If many many ____ are randomly selected, the number of ____ will typically vary from the mean by about ___.
Transforming: Multiplying a Random Variable by a Constant
multiplies/divides measures of center and location (mean, median, quartiles)
multiplies/divides measures of spread (range, IQR, standard deviation)
does not change the shape of the distribution
multiply by b
Transforming: Adding a Constant to a Random Variable
adds to measures of center and location (mean, median)
does not change measures of spread (range, IQR, standard dev.)
does not change shape
add by a
Linear Transformations
y = a + b(mu)x —> linear transformation of the random variable X
the probability distribution of Y has the same shape as the probability distribution of X
The only way to determine the probability for any value if..
X and Y are independent random variables
How to know if X and Y are independent random variables
If knowing that event X has occurred and doesn’t tell us anything about the occurrence of any event involving Y alone, then they are independent
Mean of the Sum of Random Variables
Mean of sum = the sum of the means
Variance of the Sum of Random Variables
Variance of the sum = sum of their variances
When can you add standard deviations
NEVER.
Mean of the Difference of Random Variables
Mean of difference = difference of their means (subtract the means)
Variance of the Difference of Random Variables
Variance of the Difference = Sum of their variances (add)
to find the standard deviation—> square root the result