Probability, Odds and Binomial PMF Flashcards
understand Probability, Odds and Binomial PMF
What ranges must Proportions lie within?
0 to 1
What ranges must Probabilities lie within?
0 to 1
What does “the compliment of event F” mean?
The probability that event F does not occur
-Given by Pr(F bar)=1-Pr(f)
What is probable intersection?
Is the event that both events F and G occur
-Pr(FnG)=Pr(F)/Pr(G)
What is the Probable Union?
Is the event that either event F, G or both occur
-Pr(FUG)=Pr(F)+Pr(G)-Pr(FnG)
What is mutually exclusive probability?
The event that Neither F not G can occur together
-Pr(FUG)=Pr(F)+Pr(G)
What is probable independence?
The event in which two unrelated events occur
-Pr(FnG)=Pr(F)xPr(G)
What is conditional Probability?
The event that F happens given G has occurred
-Pr(F|G)=Pr(FnG)/Pr(F)
If F and G are independent this simplifies to:
-Pr(F|G)=Pr(F)
What is the Probability Mass Function?
- The PMF tells us everything we need to know about the properties of a random variable x
- Done by completing PMF tables
Describe the Binomial distribution
- Binary outcomes are characterised by the binomial distribution
- Distribution has two parameters:
- number of fixed trials (n)
- Probability of success in a trail (p) (also fixed value)
What does a small probability p value tell us?
There will be a small number of successes out of the number of trials conducted
What does a large probability p value tell us?
There will be a large number of successes out of the number of trials conducted
What are the four conditions of the Binomial distribution?
- Two outcomes
- Fixed number of trials
- Independence of of observations
- Constant probability of success
Describe confidence intervals for proportions
- Similar of that too the CI of normal data except it is given by the Z distribution
- Z=1.96
What will the estimate of a confidence interval of proportions be?
Usually within 2 standard errors of the P-value