Statistics 3 Flashcards
Define probability
A quantitative description of the likelihood of an event occurring within dataset
What are the three ways of calculating probability?
Subjective: Judgement based on individual opinion and experiences
Theoretical: Calculation based on reasoning using knowledge of the specific dataset characteristics
Experimental: Measurement of an observation
What is sample space?
All the outcomes that could occur within a distribution
What does it mean if events are mutually exclusive?
Zero probability of two events occurring together (e.g. on a dice there is no way of getting a 5 and a 3)
What does it mean if events are independent?
Events that have no influence on each other
What should you typically assume about events?
That they are independent but not always
In a normal distribution what does the area under a curve represent?
the probability of different events occurring within the dataset
In a normal distribution what does the curve represent and what is underneath?
the probability density function and underneath are all the associated probabilities
Why cant you compare different normal distributions?
Because they typically have different means and standard deviations
What do you need to do to compare different normal distributions?
Standardisation
What is the standardization formula?
X-u/ standard deviation
What does the standardization formula do to the mean and standard deviation of normal distributions?
Mean: makes it 0
Standard deviation: makes it 1
What happens as you move away/to from the mean?
there is losses or gains in the mass of the dataset which is captured which then affects probability
What is hypothesis testing?
Testing to see whether the hypothesis around outcomes of a dataset are statistically significant or not
What is the initial hypothesis called and how is it phrased?
Null hypothesis always negatively phrased.