Chapter 2: Random Variables & Probability Distribution Flashcards
What is a random experiment?
A process of drawing observation capable of repetition under the same conditions with unpredictable outcomes per trial.
A set or collection of all possible outcomes of a random experiment that may be finite or infinite which are aka outcomes or sample points.
Sample Space
A subset of sample space which indicates the occurence of the event.
Event
Numerical value ranging from 0 to 1 measuring the likelihood of an event to occur.
Probability
A rule that assigns exactly one real number to every possible outcome.
Random Variable
The list of all possible values of x along with their corresponding probability whose sum is equal to 1.
Probability Distribution
Formula for expected value if discrete.
E[X] = sum of xP
Formula for variance.
E[X raised to 2] = sum of x squared P
Discrete Probability Distribution: where there are only 2 outcomes and conducted independently. Success = p, Failure = 1 - p.
Bernoulli
Discrete Probability Distribution: where several Bernoulli trials/experiments are conducted and the number of trials is known in advance.
Binomial
Notation for Binomial or Bernoulli.
X~B(n,p)
Formula for Binomial or Bernoulli.
P[X=x] = (n taken x) p raised to x (1-p) raised to n-x
Mean for Bernoulli or Binomial
np
Variance for Binomial or Bernoulli.
np(1-p)
Discrete Probability Distribution: x is defined as the # of trials required to get the first success.
Geometric Random Experiment
Formula for Geometric Random Experiment.
P[X=x] = p(1-p) raised to x-1
Notation for Geometric Random Experiment.
X~Geometric(p)
Mean for Geometric Random Experiment.
1/p
Variance for Geometric Random Experiment.
(1-p)/p squared
What is Y in Geometric Random Experiment?
Number of trials before the first success.
Discrete Probability Distribution: where x is the number of trials needed to get r successes and is an infinite random variable.
Negative Binomial Random Experiment
Formula for Negative Binomial Random Experiment.
P[X=x] = (x-1 taken r-1) p raised to r (1-p) raised to x-r
Notation for Negative Binomial Random Experiment.
X~NBin(r,p)
Mean for Negative Binomial Random Experiment.
r/p