03 - Probability Distribution Flashcards
1
Q
What is probability theory?
A
A branch of mathematics concerned with the analysis of random phenomena. The outcome of a random event cannot be determined before it occurs, but itmay be any one of several possible outcomes. The actual outcome is considered to be determined by chance (i.e. flipping a coin, rolling a die)
2
Q
Probability theory is the foundation for what?
A
Statistical inference
3
Q
What is a device for indicating the values that a random variable may have?
A
A probability distribution.
4
Q
What are the two categories of probability distribution?
A
Discrete probability distribution
Continuous probability distribution
