5.2 terms Flashcards
random variable
typically represented by x that has a single numerical value, determined by chance for each outcome of a proceedure
x
random variable
probability distribution
a description that gives the P for each value of the random variable (x); often expressed in a table, formula or graph
P
probability
discreet random variable
has a value that is finite or countable
continuous random variable
has infinitely many values and the collection of values is not countable
expected value
the expected value of a discreet random variable x is denoted by E and it is the mean value of the outcome
mu = E
formula for E
SUM[x*P(x)]
mean
expected value
average
mu
SUM[x*P(x)]
range rule of thumb
the vast majority of values should like between 2 standard deviations plus or minus of the mean
formula to calculate if within normal range?
minimum normal range = mu - 2sigma
maximum normal range = mu + 2sigma
OR
0.05