AP Statistics Chapter 6 - Random Variables

Size: px
Start display at page:

Download "AP Statistics Chapter 6 - Random Variables"

Transcription

1 AP Statistics Chapter 6 - Random 6.1 Discrete and Continuous Random Objective: Recognize and define discrete random variables, and construct a probability distribution table and a probability histogram for the random variable. Recognize and define a continuous random variable, and determine probabilities of events as areas under density curves. Calculate the mean of a discrete random variable. Interpret the mean of a random variable in context. Calculate the standard deviation of a discrete random variable. Interpret the standard deviation of a random variable in context. Given a normal random variable, use the standard normal table or a graphing calculator to find probabilities of events as areas under the standard normal distribution curve Read page probability model random variable probability distribution Discrete Random A probability model describes the possible outcomes of a chance process and the likelihood that those outcomes will occur. A numerical variable that describes the outcomes of a chance process is called a random variable. The probability model for a random variable is its probability distribution The probability distribution of a random variable gives its possible values and their probabilities. There are two main types of random variables: discrete and continuous. If we can find a way to list all possible outcomes for a random variable and assign probabilities to each one, we have a discrete random variable discrete random variable Do #1,35,7 1

2 Read pages Mean (Expected Value of a Discrete Random Variable Mean When analyzing discrete random variables, we ll follow the same strategy we used with quantitative data describe the shape, center, and spread, and identify any outliers. The mean of any discrete random variable is an average of the possible outcomes, with each outcome weighted by its probability. Definition: Suppose that is a discrete random variable whose probability distribution is Value: x 1 x x 3 Probability: p 1 p p 3 To find the mean (expected value of, multiply each possible value by its probability, then add all the products: x E ( x1 p1 x p x3 p3... xi pi Do #11,13 Read page Standard Deviation and Variance of a Discrete Random Variable Since we use the mean as the measure of center for a discrete random variable, we ll use the standard deviation as our measure of spread. The definition of the variance of a random variable is similar to the definition of the variance for a set of quantitative data. Variance and Standard Deviation Definition: Suppose that is a discrete random variable whose probability distribution is Value: x 1 x x 3 Probability: p 1 p p 3 and that µ is the mean of. The variance of is Var ( ( x ( x i 1 p i p ( x 1 p ( x 3 p... To get the standard deviation of a random variable, take the square root of the variance. 3 Do #15,17 Read and Do Technology Corner page 348 Do #19 page 355 (using calculator

3 Read pages Continuous Random Discrete random variables commonly arise from situations that involve counting something. Situations that involve measuring something often result in a continuous random variable Definition: A continuous random variable takes on all values in an interval of numbers. The probability distribution of is described by a density curve. The probability of any event is the area under the density curve and above the values of that make up the event. The probability model of a discrete random variable assigns a probability between 0 and 1 to each possible value of. A continuous random variable Y has infinitely many possible values. All continuous probability models assign probability 0 to every individual outcome. Only intervals of values have positive probability. Do #1, 3, 5 Do Review Problems #

4 6. Transforming and Combining Random Read pages Remember: Objectives: Describe the effects of transforming a random variable by adding or subtracting a constant and multiplying or dividing by a constant. Find the mean and standard deviation of the sum or difference of independent random variables. Determine whether two random variables are independent. Find probabilities involving the sum or difference of independent Normal random variables. In Chapter, we studied the effects of linear transformations on the shape, center, and spread of a distribution of data. Recall: 1. Adding (or subtracting a constant, a, to each observation: Adds a to measures of center and location. Does not change the shape or measures of spread.. Multiplying (or dividing each observation by a constant, b: Multiplies (divides measures of center and location by b. Multiplies (divides measures of spread by b. Does not change the shape of the distribution. Linear Transformations How does multiplying or dividing by a constant affect a random variable? How does adding or subtracting a constant affect a random variable? Effect of a Linear Transformations on the Mean and Standard Deviations Do #35, 37,39,40,41,43,45 4

5 Read pages Mean of the Sum of Random Combining Random Independent Random Definition: If knowing whether any event involving alone has occurred tells us nothing about the occurrence of any event involving Y alone, and vice versa, then and Y are independent random variables. Probability models often assume independence when the random variables describe outcomes that appear unrelated to each other. You should always ask whether the assumption of independence seems reasonable. In our investigation, it is reasonable to assume and Y are independent since the siblings operate their tours in different parts of the country. Variance of the Sum of Random Remember that you can add variances only if the two random variables are independent, and that you can NEVER add standard deviations! Mean of the Difference of Random For any two random variables and Y, if D = - Y, then the expected value of D is E( D D In general, the mean of the difference of several random variables is the difference of their means. The order of subtraction is important! x Y Variance of the Difference of Random For any two independent random variables and Y, if D = - Y, then the variance of D is D In general, the variance of the difference of two independent random variables is the sum of their variances. Y Read pages Combining Normal Random An important fact about Normal random variables is that any sum or difference of independent Normal random variables is also Normally distributed. Do #61,63 Do Review Problems #67,68 5

6 6

Chapter 6: Random Variables

Chapter 6: Random Variables Chapter 6: Random Variables Section 6.2 The Practice of Statistics, 4 th edition For AP* STARNES, YATES, MOORE Chapter 6 Random Variables 6.1 Discrete and Continuous Random Variables 6.2 6.3 Binomial and

More information

Chapter 6: Random Variables

Chapter 6: Random Variables Chapter 6: Random Variables Section 6.2 The Practice of Statistics, 4 th edition For AP* STARNES, YATES, MOORE Chapter 6 Random Variables 6.1 Discrete and Continuous Random Variables 6.2 6.3 Binomial and

More information

CHAPTER 6 Random Variables

CHAPTER 6 Random Variables CHAPTER 6 Random Variables 6.2 Transforming and Combining Random Variables The Practice of Statistics, 5th Edition Starnes, Tabor, Yates, Moore Bedford Freeman Worth Publishers Transforming and Combining

More information

Section 7.4 Transforming and Combining Random Variables (DAY 1)

Section 7.4 Transforming and Combining Random Variables (DAY 1) Section 7.4 Learning Objectives (DAY 1) After this section, you should be able to DESCRIBE the effect of performing a linear transformation on a random variable (DAY 1) COMBINE random variables and CALCULATE

More information

Chapter 6: Random Variables

Chapter 6: Random Variables Chapter 6: Random Variables Section 6.1 Discrete and Continuous Random Variables The Practice of Statistics, 4 th edition For AP* STARNES, YATES, MOORE Chapter 6 Random Variables 6.1 Discrete and Continuous

More information

CHAPTER 6 Random Variables

CHAPTER 6 Random Variables CHAPTER 6 Random Variables 6.1 Discrete and Continuous Random Variables The Practice of Statistics, 5th Edition Starnes, Tabor, Yates, Moore Bedford Freeman Worth Publishers Discrete and Continuous Random

More information

Section 6.2 Transforming and Combining Random Variables. Linear Transformations

Section 6.2 Transforming and Combining Random Variables. Linear Transformations Section 6.2 Transforming and Combining Random Variables Linear Transformations In Section 6.1, we learned that the mean and standard deviation give us important information about a random variable. In

More information

Chapter 6: Random Variables

Chapter 6: Random Variables Chapter 6: Random Variables Section 6. The Practice of Statistics, 4 th edition For AP* STARNES, YATES, MOORE Chapter 6 Random Variables 6.1 Discrete and Continuous Random Variables 6. 6.3 Binomial and

More information

AP Stats ~ Lesson 6B: Transforming and Combining Random variables

AP Stats ~ Lesson 6B: Transforming and Combining Random variables AP Stats ~ Lesson 6B: Transforming and Combining Random variables OBJECTIVES: DESCRIBE the effects of transforming a random variable by adding or subtracting a constant and multiplying or dividing by a

More information

Chapter 7: Random Variables

Chapter 7: Random Variables Chapter 7: Random Variables 7.1 Discrete and Continuous Random Variables 7.2 Means and Variances of Random Variables 1 Introduction A random variable is a function that associates a unique numerical value

More information

4.2 Probability Distributions

4.2 Probability Distributions 4.2 Probability Distributions Definition. A random variable is a variable whose value is a numerical outcome of a random phenomenon. The probability distribution of a random variable tells us what the

More information

6.2.1 Linear Transformations

6.2.1 Linear Transformations 6.2.1 Linear Transformations In Chapter 2, we studied the effects of transformations on the shape, center, and spread of a distribution of data. Recall what we discovered: 1. Adding (or subtracting) a

More information

Random Variables. 6.1 Discrete and Continuous Random Variables. Probability Distribution. Discrete Random Variables. Chapter 6, Section 1

Random Variables. 6.1 Discrete and Continuous Random Variables. Probability Distribution. Discrete Random Variables. Chapter 6, Section 1 6.1 Discrete and Continuous Random Variables Random Variables A random variable, usually written as X, is a variable whose possible values are numerical outcomes of a random phenomenon. There are two types

More information

Chapter 5 Normal Probability Distributions

Chapter 5 Normal Probability Distributions Chapter 5 Normal Probability Distributions Section 5-1 Introduction to Normal Distributions and the Standard Normal Distribution A The normal distribution is the most important of the continuous probability

More information

EDCC charges $50 per credit. Let T = tuition charge for a randomly-selected fulltime student. T = 50X. Tuit. T $600 $650 $700 $750 $800 $850 $900

EDCC charges $50 per credit. Let T = tuition charge for a randomly-selected fulltime student. T = 50X. Tuit. T $600 $650 $700 $750 $800 $850 $900 Chapter 7 Random Variables n 7.1 Discrete and Continuous Random Variables n 6.2 n Example: El Dorado Community College El Dorado Community College considers a student to be full-time if he or she is taking

More information

Random Variables Part 2

Random Variables Part 2 Random Variables Part 2 1 A P S T A T I S T I C S C H A P T E R 1 5 The theory of probabilities is simply the science of logic quantitatively treated. Charles Saunders Peirce (1839-1914) Behavior of Random

More information

Statistical Methods in Practice STAT/MATH 3379

Statistical Methods in Practice STAT/MATH 3379 Statistical Methods in Practice STAT/MATH 3379 Dr. A. B. W. Manage Associate Professor of Mathematics & Statistics Department of Mathematics & Statistics Sam Houston State University Overview 6.1 Discrete

More information

Chapter 7 1. Random Variables

Chapter 7 1. Random Variables Chapter 7 1 Random Variables random variable numerical variable whose value depends on the outcome of a chance experiment - discrete if its possible values are isolated points on a number line - continuous

More information

Chapter 17. The. Value Example. The Standard Error. Example The Short Cut. Classifying and Counting. Chapter 17. The.

Chapter 17. The. Value Example. The Standard Error. Example The Short Cut. Classifying and Counting. Chapter 17. The. Context Short Part V Chance Variability and Short Last time, we learned that it can be helpful to take real-life chance processes and turn them into a box model. outcome of the chance process then corresponds

More information

Some Characteristics of Data

Some Characteristics of Data Some Characteristics of Data Not all data is the same, and depending on some characteristics of a particular dataset, there are some limitations as to what can and cannot be done with that data. Some key

More information

Making Sense of Cents

Making Sense of Cents Name: Date: Making Sense of Cents Exploring the Central Limit Theorem Many of the variables that you have studied so far in this class have had a normal distribution. You have used a table of the normal

More information

STA Module 3B Discrete Random Variables

STA Module 3B Discrete Random Variables STA 2023 Module 3B Discrete Random Variables Learning Objectives Upon completing this module, you should be able to 1. Determine the probability distribution of a discrete random variable. 2. Construct

More information

Chapter 4 Continuous Random Variables and Probability Distributions

Chapter 4 Continuous Random Variables and Probability Distributions Chapter 4 Continuous Random Variables and Probability Distributions Part 2: More on Continuous Random Variables Section 4.5 Continuous Uniform Distribution Section 4.6 Normal Distribution 1 / 27 Continuous

More information

STA Rev. F Learning Objectives. What is a Random Variable? Module 5 Discrete Random Variables

STA Rev. F Learning Objectives. What is a Random Variable? Module 5 Discrete Random Variables STA 2023 Module 5 Discrete Random Variables Learning Objectives Upon completing this module, you should be able to: 1. Determine the probability distribution of a discrete random variable. 2. Construct

More information

Some estimates of the height of the podium

Some estimates of the height of the podium Some estimates of the height of the podium 24 36 40 40 40 41 42 44 46 48 50 53 65 98 1 5 number summary Inter quartile range (IQR) range = max min 2 1.5 IQR outlier rule 3 make a boxplot 24 36 40 40 40

More information

Probability is the tool used for anticipating what the distribution of data should look like under a given model.

Probability is the tool used for anticipating what the distribution of data should look like under a given model. AP Statistics NAME: Exam Review: Strand 3: Anticipating Patterns Date: Block: III. Anticipating Patterns: Exploring random phenomena using probability and simulation (20%-30%) Probability is the tool used

More information

Probability Distributions. Chapter 6

Probability Distributions. Chapter 6 Probability Distributions Chapter 6 McGraw-Hill/Irwin The McGraw-Hill Companies, Inc. 2008 Types of Random Variables Discrete Random Variable can assume only certain clearly separated values. It is usually

More information

SECTION 6.2 (DAY 1) TRANSFORMING RANDOM VARIABLES NOVEMBER 16 TH, 2017

SECTION 6.2 (DAY 1) TRANSFORMING RANDOM VARIABLES NOVEMBER 16 TH, 2017 SECTION 6.2 (DAY 1) TRANSFORMING RANDOM VARIABLES NOVEMBER 16 TH, 2017 TODAY S OBJECTIVES Describe the effects of transforming a random variable by: adding or subtracting a constant multiplying or dividing

More information

6.1 Discrete and Continuous Random Variables. 6.1A Discrete random Variables, Mean (Expected Value) of a Discrete Random Variable

6.1 Discrete and Continuous Random Variables. 6.1A Discrete random Variables, Mean (Expected Value) of a Discrete Random Variable 6.1 Discrete and Continuous Random Variables 6.1A Discrete random Variables, Mean (Expected Value) of a Discrete Random Variable Random variable Takes numerical values that describe the outcomes of some

More information

Probability & Sampling The Practice of Statistics 4e Mostly Chpts 5 7

Probability & Sampling The Practice of Statistics 4e Mostly Chpts 5 7 Probability & Sampling The Practice of Statistics 4e Mostly Chpts 5 7 Lew Davidson (Dr.D.) Mallard Creek High School Lewis.Davidson@cms.k12.nc.us 704-786-0470 Probability & Sampling The Practice of Statistics

More information

Statistical Intervals (One sample) (Chs )

Statistical Intervals (One sample) (Chs ) 7 Statistical Intervals (One sample) (Chs 8.1-8.3) Confidence Intervals The CLT tells us that as the sample size n increases, the sample mean X is close to normally distributed with expected value µ and

More information

6.1 Discrete & Continuous Random Variables. Nov 4 6:53 PM. Objectives

6.1 Discrete & Continuous Random Variables. Nov 4 6:53 PM. Objectives 6.1 Discrete & Continuous Random Variables examples vocab Objectives Today we will... - Compute probabilities using the probability distribution of a discrete random variable. - Calculate and interpret

More information

Section 7.5 The Normal Distribution. Section 7.6 Application of the Normal Distribution

Section 7.5 The Normal Distribution. Section 7.6 Application of the Normal Distribution Section 7.6 Application of the Normal Distribution A random variable that may take on infinitely many values is called a continuous random variable. A continuous probability distribution is defined by

More information

Section Introduction to Normal Distributions

Section Introduction to Normal Distributions Section 6.1-6.2 Introduction to Normal Distributions 2012 Pearson Education, Inc. All rights reserved. 1 of 105 Section 6.1-6.2 Objectives Interpret graphs of normal probability distributions Find areas

More information

Data Analysis and Statistical Methods Statistics 651

Data Analysis and Statistical Methods Statistics 651 Data Analysis and Statistical Methods Statistics 651 http://www.stat.tamu.edu/~suhasini/teaching.html Suhasini Subba Rao The binomial: mean and variance Recall that the number of successes out of n, denoted

More information

Basic Procedure for Histograms

Basic Procedure for Histograms Basic Procedure for Histograms 1. Compute the range of observations (min. & max. value) 2. Choose an initial # of classes (most likely based on the range of values, try and find a number of classes that

More information

Chapter 4 Continuous Random Variables and Probability Distributions

Chapter 4 Continuous Random Variables and Probability Distributions Chapter 4 Continuous Random Variables and Probability Distributions Part 2: More on Continuous Random Variables Section 4.5 Continuous Uniform Distribution Section 4.6 Normal Distribution 1 / 28 One more

More information

Value (x) probability Example A-2: Construct a histogram for population Ψ.

Value (x) probability Example A-2: Construct a histogram for population Ψ. Calculus 111, section 08.x The Central Limit Theorem notes by Tim Pilachowski If you haven t done it yet, go to the Math 111 page and download the handout: Central Limit Theorem supplement. Today s lecture

More information

Discrete probability distributions

Discrete probability distributions Discrete probability distributions Probability distributions Discrete random variables Expected values (mean) Variance Linear functions - mean & standard deviation Standard deviation 1 Probability distributions

More information

Week 1 Variables: Exploration, Familiarisation and Description. Descriptive Statistics.

Week 1 Variables: Exploration, Familiarisation and Description. Descriptive Statistics. Week 1 Variables: Exploration, Familiarisation and Description. Descriptive Statistics. Convergent validity: the degree to which results/evidence from different tests/sources, converge on the same conclusion.

More information

TOPIC: PROBABILITY DISTRIBUTIONS

TOPIC: PROBABILITY DISTRIBUTIONS TOPIC: PROBABILITY DISTRIBUTIONS There are two types of random variables: A Discrete random variable can take on only specified, distinct values. A Continuous random variable can take on any value within

More information

A probability distribution shows the possible outcomes of an experiment and the probability of each of these outcomes.

A probability distribution shows the possible outcomes of an experiment and the probability of each of these outcomes. Introduction In the previous chapter we discussed the basic concepts of probability and described how the rules of addition and multiplication were used to compute probabilities. In this chapter we expand

More information

STAT:2010 Statistical Methods and Computing. Using density curves to describe the distribution of values of a quantitative

STAT:2010 Statistical Methods and Computing. Using density curves to describe the distribution of values of a quantitative STAT:10 Statistical Methods and Computing Normal Distributions Lecture 4 Feb. 6, 17 Kate Cowles 374 SH, 335-0727 kate-cowles@uiowa.edu 1 2 Using density curves to describe the distribution of values of

More information

The Normal Distribution

The Normal Distribution 5.1 Introduction to Normal Distributions and the Standard Normal Distribution Section Learning objectives: 1. How to interpret graphs of normal probability distributions 2. How to find areas under the

More information

CHAPTER 6 Random Variables

CHAPTER 6 Random Variables CHAPTER 6 Random Variables 6.2 Transforming and Combining Random Variables The Practice of Statistics, 5th Edition Starnes, Tabor, Yates, Moore Bedford Freeman Worth Publishers 6.2 Reading Quiz (T or F)

More information

Key Objectives. Module 2: The Logic of Statistical Inference. Z-scores. SGSB Workshop: Using Statistical Data to Make Decisions

Key Objectives. Module 2: The Logic of Statistical Inference. Z-scores. SGSB Workshop: Using Statistical Data to Make Decisions SGSB Workshop: Using Statistical Data to Make Decisions Module 2: The Logic of Statistical Inference Dr. Tom Ilvento January 2006 Dr. Mugdim Pašić Key Objectives Understand the logic of statistical inference

More information

MAKING SENSE OF DATA Essentials series

MAKING SENSE OF DATA Essentials series MAKING SENSE OF DATA Essentials series THE NORMAL DISTRIBUTION Copyright by City of Bradford MDC Prerequisites Descriptive statistics Charts and graphs The normal distribution Surveys and sampling Correlation

More information

GOALS. Discrete Probability Distributions. A Distribution. What is a Probability Distribution? Probability for Dice Toss. A Probability Distribution

GOALS. Discrete Probability Distributions. A Distribution. What is a Probability Distribution? Probability for Dice Toss. A Probability Distribution GOALS Discrete Probability Distributions Chapter 6 Dr. Richard Jerz Define the terms probability distribution and random variable. Distinguish between discrete and continuous probability distributions.

More information

Discrete Probability Distributions Chapter 6 Dr. Richard Jerz

Discrete Probability Distributions Chapter 6 Dr. Richard Jerz Discrete Probability Distributions Chapter 6 Dr. Richard Jerz 1 GOALS Define the terms probability distribution and random variable. Distinguish between discrete and continuous probability distributions.

More information

Data that can be any numerical value are called continuous. These are usually things that are measured, such as height, length, time, speed, etc.

Data that can be any numerical value are called continuous. These are usually things that are measured, such as height, length, time, speed, etc. Chapter 8 Measures of Center Data that can be any numerical value are called continuous. These are usually things that are measured, such as height, length, time, speed, etc. Data that can only be integer

More information

David Tenenbaum GEOG 090 UNC-CH Spring 2005

David Tenenbaum GEOG 090 UNC-CH Spring 2005 Simple Descriptive Statistics Review and Examples You will likely make use of all three measures of central tendency (mode, median, and mean), as well as some key measures of dispersion (standard deviation,

More information

AP STATISTICS FALL SEMESTSER FINAL EXAM STUDY GUIDE

AP STATISTICS FALL SEMESTSER FINAL EXAM STUDY GUIDE AP STATISTICS Name: FALL SEMESTSER FINAL EXAM STUDY GUIDE Period: *Go over Vocabulary Notecards! *This is not a comprehensive review you still should look over your past notes, homework/practice, Quizzes,

More information

Math 2311 Bekki George Office Hours: MW 11am to 12:45pm in 639 PGH Online Thursdays 4-5:30pm And by appointment

Math 2311 Bekki George Office Hours: MW 11am to 12:45pm in 639 PGH Online Thursdays 4-5:30pm And by appointment Math 2311 Bekki George bekki@math.uh.edu Office Hours: MW 11am to 12:45pm in 639 PGH Online Thursdays 4-5:30pm And by appointment Class webpage: http://www.math.uh.edu/~bekki/math2311.html Math 2311 Class

More information

Simple Random Sample

Simple Random Sample Simple Random Sample A simple random sample (SRS) of size n consists of n elements from the population chosen in such a way that every set of n elements has an equal chance to be the sample actually selected.

More information

Lecture 9. Probability Distributions. Outline. Outline

Lecture 9. Probability Distributions. Outline. Outline Outline Lecture 9 Probability Distributions 6-1 Introduction 6- Probability Distributions 6-3 Mean, Variance, and Expectation 6-4 The Binomial Distribution Outline 7- Properties of the Normal Distribution

More information

Normal Probability Distributions

Normal Probability Distributions Normal Probability Distributions Properties of Normal Distributions The most important probability distribution in statistics is the normal distribution. Normal curve A normal distribution is a continuous

More information

Discrete Probability Distributions

Discrete Probability Distributions Discrete Probability Distributions Chapter 6 McGraw-Hill/Irwin Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives LO1 Identify the characteristics of a probability

More information

Lecture 9. Probability Distributions

Lecture 9. Probability Distributions Lecture 9 Probability Distributions Outline 6-1 Introduction 6-2 Probability Distributions 6-3 Mean, Variance, and Expectation 6-4 The Binomial Distribution Outline 7-2 Properties of the Normal Distribution

More information

Normal Model (Part 1)

Normal Model (Part 1) Normal Model (Part 1) Formulas New Vocabulary The Standard Deviation as a Ruler The trick in comparing very different-looking values is to use standard deviations as our rulers. The standard deviation

More information

STATISTICAL DISTRIBUTIONS AND THE CALCULATOR

STATISTICAL DISTRIBUTIONS AND THE CALCULATOR STATISTICAL DISTRIBUTIONS AND THE CALCULATOR 1. Basic data sets a. Measures of Center - Mean ( ): average of all values. Characteristic: non-resistant is affected by skew and outliers. - Median: Either

More information

Discrete Probability Distributions

Discrete Probability Distributions Discrete Probability Distributions Chapter 6 Copyright 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Learning

More information

Counting Basics. Venn diagrams

Counting Basics. Venn diagrams Counting Basics Sets Ways of specifying sets Union and intersection Universal set and complements Empty set and disjoint sets Venn diagrams Counting Inclusion-exclusion Multiplication principle Addition

More information

Introduction to Business Statistics QM 120 Chapter 6

Introduction to Business Statistics QM 120 Chapter 6 DEPARTMENT OF QUANTITATIVE METHODS & INFORMATION SYSTEMS Introduction to Business Statistics QM 120 Chapter 6 Spring 2008 Chapter 6: Continuous Probability Distribution 2 When a RV x is discrete, we can

More information

Learning Objectives = = where X i is the i t h outcome of a decision, p i is the probability of the i t h

Learning Objectives = = where X i is the i t h outcome of a decision, p i is the probability of the i t h Learning Objectives After reading Chapter 15 and working the problems for Chapter 15 in the textbook and in this Workbook, you should be able to: Distinguish between decision making under uncertainty and

More information

The Normal Probability Distribution

The Normal Probability Distribution 1 The Normal Probability Distribution Key Definitions Probability Density Function: An equation used to compute probabilities for continuous random variables where the output value is greater than zero

More information

Expected Value of a Random Variable

Expected Value of a Random Variable Knowledge Article: Probability and Statistics Expected Value of a Random Variable Expected Value of a Discrete Random Variable You're familiar with a simple mean, or average, of a set. The mean value of

More information

DATA SUMMARIZATION AND VISUALIZATION

DATA SUMMARIZATION AND VISUALIZATION APPENDIX DATA SUMMARIZATION AND VISUALIZATION PART 1 SUMMARIZATION 1: BUILDING BLOCKS OF DATA ANALYSIS 294 PART 2 PART 3 PART 4 VISUALIZATION: GRAPHS AND TABLES FOR SUMMARIZING AND ORGANIZING DATA 296

More information

5.1 Mean, Median, & Mode

5.1 Mean, Median, & Mode 5.1 Mean, Median, & Mode definitions Mean: Median: Mode: Example 1 The Blue Jays score these amounts of runs in their last 9 games: 4, 7, 2, 4, 10, 5, 6, 7, 7 Find the mean, median, and mode: Example 2

More information

Discrete Probability Distributions

Discrete Probability Distributions Discrete Probability Distributions Chapter 6 Learning Objectives Define terms random variable and probability distribution. Distinguish between discrete and continuous probability distributions. Calculate

More information

IOP 201-Q (Industrial Psychological Research) Tutorial 5

IOP 201-Q (Industrial Psychological Research) Tutorial 5 IOP 201-Q (Industrial Psychological Research) Tutorial 5 TRUE/FALSE [1 point each] Indicate whether the sentence or statement is true or false. 1. To establish a cause-and-effect relation between two variables,

More information

The Range, the Inter Quartile Range (or IQR), and the Standard Deviation (which we usually denote by a lower case s).

The Range, the Inter Quartile Range (or IQR), and the Standard Deviation (which we usually denote by a lower case s). We will look the three common and useful measures of spread. The Range, the Inter Quartile Range (or IQR), and the Standard Deviation (which we usually denote by a lower case s). 1 Ameasure of the center

More information

FEEG6017 lecture: The normal distribution, estimation, confidence intervals. Markus Brede,

FEEG6017 lecture: The normal distribution, estimation, confidence intervals. Markus Brede, FEEG6017 lecture: The normal distribution, estimation, confidence intervals. Markus Brede, mb8@ecs.soton.ac.uk The normal distribution The normal distribution is the classic "bell curve". We've seen that

More information

Chapter 5 Basic Probability

Chapter 5 Basic Probability Chapter 5 Basic Probability Probability is determining the probability that a particular event will occur. Probability of occurrence = / T where = the number of ways in which a particular event occurs

More information

Theoretical Foundations

Theoretical Foundations Theoretical Foundations Probabilities Monia Ranalli monia.ranalli@uniroma2.it Ranalli M. Theoretical Foundations - Probabilities 1 / 27 Objectives understand the probability basics quantify random phenomena

More information

Statistics for Business and Economics

Statistics for Business and Economics Statistics for Business and Economics Chapter 5 Continuous Random Variables and Probability Distributions Ch. 5-1 Probability Distributions Probability Distributions Ch. 4 Discrete Continuous Ch. 5 Probability

More information

Business Statistics 41000: Probability 3

Business Statistics 41000: Probability 3 Business Statistics 41000: Probability 3 Drew D. Creal University of Chicago, Booth School of Business February 7 and 8, 2014 1 Class information Drew D. Creal Email: dcreal@chicagobooth.edu Office: 404

More information

Probability Distributions. Chapter 6

Probability Distributions. Chapter 6 Probability Distributions Chapter 6 McGraw-Hill/Irwin The McGraw-Hill Companies, Inc. 2008 GOALS Define the terms probability distribution and random variable. Distinguish between discrete and continuous

More information

value BE.104 Spring Biostatistics: Distribution and the Mean J. L. Sherley

value BE.104 Spring Biostatistics: Distribution and the Mean J. L. Sherley BE.104 Spring Biostatistics: Distribution and the Mean J. L. Sherley Outline: 1) Review of Variation & Error 2) Binomial Distributions 3) The Normal Distribution 4) Defining the Mean of a population Goals:

More information

Statistics (This summary is for chapters 17, 28, 29 and section G of chapter 19)

Statistics (This summary is for chapters 17, 28, 29 and section G of chapter 19) Statistics (This summary is for chapters 17, 28, 29 and section G of chapter 19) Mean, Median, Mode Mode: most common value Median: middle value (when the values are in order) Mean = total how many = x

More information

Biostatistics and Design of Experiments Prof. Mukesh Doble Department of Biotechnology Indian Institute of Technology, Madras

Biostatistics and Design of Experiments Prof. Mukesh Doble Department of Biotechnology Indian Institute of Technology, Madras Biostatistics and Design of Experiments Prof. Mukesh Doble Department of Biotechnology Indian Institute of Technology, Madras Lecture - 05 Normal Distribution So far we have looked at discrete distributions

More information

Random Variables and Probability Distributions

Random Variables and Probability Distributions Chapter 3 Random Variables and Probability Distributions Chapter Three Random Variables and Probability Distributions 3. Introduction An event is defined as the possible outcome of an experiment. In engineering

More information

Chapter ! Bell Shaped

Chapter ! Bell Shaped Chapter 6 6-1 Business Statistics: A First Course 5 th Edition Chapter 7 Continuous Probability Distributions Learning Objectives In this chapter, you learn:! To compute probabilities from the normal distribution!

More information

Discrete Probability Distributions

Discrete Probability Distributions Discrete Probability Distributions Chapter 6 McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. GOALS 6-2 1. Define the terms probability distribution and random variable.

More information

Statistics 6 th Edition

Statistics 6 th Edition Statistics 6 th Edition Chapter 5 Discrete Probability Distributions Chap 5-1 Definitions Random Variables Random Variables Discrete Random Variable Continuous Random Variable Ch. 5 Ch. 6 Chap 5-2 Discrete

More information

Chapter 7: SAMPLING DISTRIBUTIONS & POINT ESTIMATION OF PARAMETERS

Chapter 7: SAMPLING DISTRIBUTIONS & POINT ESTIMATION OF PARAMETERS Chapter 7: SAMPLING DISTRIBUTIONS & POINT ESTIMATION OF PARAMETERS Part 1: Introduction Sampling Distributions & the Central Limit Theorem Point Estimation & Estimators Sections 7-1 to 7-2 Sample data

More information

Law of Large Numbers, Central Limit Theorem

Law of Large Numbers, Central Limit Theorem November 14, 2017 November 15 18 Ribet in Providence on AMS business. No SLC office hour tomorrow. Thursday s class conducted by Teddy Zhu. November 21 Class on hypothesis testing and p-values December

More information

Linear Regression with One Regressor

Linear Regression with One Regressor Linear Regression with One Regressor Michael Ash Lecture 9 Linear Regression with One Regressor Review of Last Time 1. The Linear Regression Model The relationship between independent X and dependent Y

More information

MAS1403. Quantitative Methods for Business Management. Semester 1, Module leader: Dr. David Walshaw

MAS1403. Quantitative Methods for Business Management. Semester 1, Module leader: Dr. David Walshaw MAS1403 Quantitative Methods for Business Management Semester 1, 2018 2019 Module leader: Dr. David Walshaw Additional lecturers: Dr. James Waldren and Dr. Stuart Hall Announcements: Written assignment

More information

Data Analysis and Statistical Methods Statistics 651

Data Analysis and Statistical Methods Statistics 651 Data Analysis and Statistical Methods Statistics 651 http://wwwstattamuedu/~suhasini/teachinghtml Suhasini Subba Rao Review of previous lecture The main idea in the previous lecture is that the sample

More information

Midterm Exam III Review

Midterm Exam III Review Midterm Exam III Review Dr. Joseph Brennan Math 148, BU Dr. Joseph Brennan (Math 148, BU) Midterm Exam III Review 1 / 25 Permutations and Combinations ORDER In order to count the number of possible ways

More information

T.I.H.E. IT 233 Statistics and Probability: Sem. 1: 2013 ESTIMATION

T.I.H.E. IT 233 Statistics and Probability: Sem. 1: 2013 ESTIMATION In Inferential Statistic, ESTIMATION (i) (ii) is called the True Population Mean and is called the True Population Proportion. You must also remember that are not the only population parameters. There

More information

Statistics vs. statistics

Statistics vs. statistics Statistics vs. statistics Question: What is Statistics (with a capital S)? Definition: Statistics is the science of collecting, organizing, summarizing and interpreting data. Note: There are 2 main ways

More information

Business Statistics 41000: Probability 4

Business Statistics 41000: Probability 4 Business Statistics 41000: Probability 4 Drew D. Creal University of Chicago, Booth School of Business February 14 and 15, 2014 1 Class information Drew D. Creal Email: dcreal@chicagobooth.edu Office:

More information

Data Analysis and Statistical Methods Statistics 651

Data Analysis and Statistical Methods Statistics 651 Data Analysis and Statistical Methods Statistics 651 http://www.stat.tamu.edu/~suhasini/teaching.html Lecture 10 (MWF) Checking for normality of the data using the QQplot Suhasini Subba Rao Checking for

More information

Numerical Descriptive Measures. Measures of Center: Mean and Median

Numerical Descriptive Measures. Measures of Center: Mean and Median Steve Sawin Statistics Numerical Descriptive Measures Having seen the shape of a distribution by looking at the histogram, the two most obvious questions to ask about the specific distribution is where

More information

8.2 The Standard Deviation as a Ruler Chapter 8 The Normal and Other Continuous Distributions 8-1

8.2 The Standard Deviation as a Ruler Chapter 8 The Normal and Other Continuous Distributions 8-1 8.2 The Standard Deviation as a Ruler Chapter 8 The Normal and Other Continuous Distributions For Example: On August 8, 2011, the Dow dropped 634.8 points, sending shock waves through the financial community.

More information

19. CONFIDENCE INTERVALS FOR THE MEAN; KNOWN VARIANCE

19. CONFIDENCE INTERVALS FOR THE MEAN; KNOWN VARIANCE 19. CONFIDENCE INTERVALS FOR THE MEAN; KNOWN VARIANCE We assume here that the population variance σ 2 is known. This is an unrealistic assumption, but it allows us to give a simplified presentation which

More information

Chapter 6 Analyzing Accumulated Change: Integrals in Action

Chapter 6 Analyzing Accumulated Change: Integrals in Action Chapter 6 Analyzing Accumulated Change: Integrals in Action 6. Streams in Business and Biology You will find Excel very helpful when dealing with streams that are accumulated over finite intervals. Finding

More information

The Two-Sample Independent Sample t Test

The Two-Sample Independent Sample t Test Department of Psychology and Human Development Vanderbilt University 1 Introduction 2 3 The General Formula The Equal-n Formula 4 5 6 Independence Normality Homogeneity of Variances 7 Non-Normality Unequal

More information

Chapter 14 - Random Variables

Chapter 14 - Random Variables Chapter 14 - Random Variables October 29, 2014 There are many scenarios where probabilities are used to determine risk factors. Examples include Insurance, Casino, Lottery, Business, Medical, and other

More information