STATISTICS AND PROBABILITY TERMINOLOGIES Flashcards
● variable that assigns a numerical value to each
outcome of a random event.
RANDOM VARIABLE
TWO TYPES OF RANDOM VARIABLE (DC)
DISCRETE
CONTINUOUS
○ a variable whose value is obtained through counting.
Discrete Variable
○ variable whose value is obtained through measurement.
Continuous Variable
⤻ is the set of all possible outcomes in an experiment.
Sample Space
{HHH, TTT, HHT, HTT, THH, TTH, HTH, THT}
Sample Space
X = {0, 1, 2, 3}
Range Space
probability of x
P(x)
values of possible outcomes
x
⤻ values obtained from functions that assign real number
to each point of a sample space.
possible values of a random variable
also known as discrete probability distribution
PROBABILITY MASS FUNCTION (PMF)
The Properties of a Probability Distribution (2)
○ Nonnegativity
○ Norming Property
the probability of each value of the random variable
must be between or equal to 0 and 1
Nonnegativity
sum of the probabilities of all values of the random
variable must be equal to 1.
Norming Property
0≤P(X)≤1
Nonnegativity
ƩP(X)=1
Norming Property
a probability distribution with only two possible
outcomes: success and failure
binomial distribution
average value of all the outcomes.
mean
E(x)
expected value
x
random variable
f(x)
probability of x
μ
average
P(x)
probability of x
describes the average square deviation of
the variable from the mean.
variance
σ^2
symbol for variance
σ
symbol for standard deviation