Discrete Probability Distributions Flashcards
Probability distribution of a random variable
describes all the possible values and likelihoods that a random variable can take within a given range
bivariate distributions
relationship between two random variables
When to use the binomial distribution (4)
- fixed # of trials 2. only 2 outcomes 3. prob. of success is the same in each trial 4. trials are independent
When to use Poisson distribution (4)
- probability is the same 2. occurrence of event is independent
Poisson distribution if mu is less than 5
mean is very high or probability is very low
discrete uniform probability distribution
a probability distribution for which each possible value of the random variable has the same probability
expected value
a measure of the central location of a random variable
variance
ways to measure the spread - or variability- of a sample or how far aways from the “norm” a result is
empirical probability
probability of an event happening is determined by the relative frequency with which a similar event has occurred in the past
binomial formula
Poisson Probability Formula
Combinations formula