Bayes s Rule Example. defective. An MP3 player is selected at random and found to be defective. What is the probability it came from Factory I?

Similar documents
2011 Pearson Education, Inc

Chapter 3 Discrete Random Variables and Probability Distributions

Statistics 6 th Edition

Random Variables. Note: Be sure that every possible outcome is included in the sum and verify that you have a valid probability model to start with.

Statistical Methods in Practice STAT/MATH 3379

Central Limit Theorem 11/08/2005

5.2 Random Variables, Probability Histograms and Probability Distributions

Part 1 In which we meet the law of averages. The Law of Averages. The Expected Value & The Standard Error. Where Are We Going?

Binomial Random Variables. Binomial Random Variables

Statistics for Managers Using Microsoft Excel 7 th Edition

EXERCISES FOR PRACTICE SESSION 2 OF STAT CAMP

Econ 6900: Statistical Problems. Instructor: Yogesh Uppal

Chapter 4. Section 4.1 Objectives. Random Variables. Random Variables. Chapter 4: Probability Distributions

TOPIC: PROBABILITY DISTRIBUTIONS

Discrete Random Variables

STA Module 3B Discrete Random Variables

Chapter 5 Discrete Probability Distributions. Random Variables Discrete Probability Distributions Expected Value and Variance

Chapter 16. Random Variables. Copyright 2010, 2007, 2004 Pearson Education, Inc.

Chapter 7: Random Variables

Lecture 9: Plinko Probabilities, Part III Random Variables, Expected Values and Variances

MA 1125 Lecture 14 - Expected Values. Wednesday, October 4, Objectives: Introduce expected values.

Simple Random Sample

Examples: Random Variables. Discrete and Continuous Random Variables. Probability Distributions

Section M Discrete Probability Distribution

Discrete Random Variables and Probability Distributions

Discrete Random Variables

Discrete Random Variables

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

Chapter 16. Random Variables. Copyright 2010 Pearson Education, Inc.

Normal distribution. We say that a random variable X follows the normal distribution if the probability density function of X is given by

Probability Distributions

additionalmathematicsadditionalmath ematicsadditionalmathematicsadditio nalmathematicsadditionalmathematic sadditionalmathematicsadditionalmat

Example 1: Identify the following random variables as discrete or continuous: a) Weight of a package. b) Number of students in a first-grade classroom

Keller: Stats for Mgmt & Econ, 7th Ed July 17, 2006

MATH 264 Problem Homework I

Probability Distribution Unit Review

Chapter 3 Discrete Random Variables and Probability Distributions

Shifting our focus. We were studying statistics (data, displays, sampling...) The next few lectures focus on probability (randomness) Why?

Mathematics of Randomness

Business Statistics. Chapter 5 Discrete Probability Distributions QMIS 120. Dr. Mohammad Zainal

Review for Final Exam Spring 2014 Jeremy Orloff and Jonathan Bloom

Counting Basics. Venn diagrams

Chapter 5 Student Lecture Notes 5-1. Department of Quantitative Methods & Information Systems. Business Statistics

Normal Distribution. Notes. Normal Distribution. Standard Normal. Sums of Normal Random Variables. Normal. approximation of Binomial.

Random variables. Discrete random variables. Continuous random variables.

Data Analytics (CS40003) Practice Set IV (Topic: Probability and Sampling Distribution)

ECON 214 Elements of Statistics for Economists 2016/2017

MAKING SENSE OF DATA Essentials series

Elementary Statistics Lecture 5

Chapter 6 Continuous Probability Distributions. Learning objectives

Chapter 3 Discrete Random Variables and Probability Distributions

AP Statistics Test 5

Discrete Probability Distributions

STA 6166 Fall 2007 Web-based Course. Notes 10: Probability Models

Have you ever wondered whether it would be worth it to buy a lottery ticket every week, or pondered on questions such as If I were offered a choice

Lecture Slides. Elementary Statistics Tenth Edition. by Mario F. Triola. and the Triola Statistics Series

CHAPTER 8 PROBABILITY DISTRIBUTIONS AND STATISTICS

Introduction to Business Statistics QM 120 Chapter 6

Section Random Variables and Histograms

Chapter 8. Variables. Copyright 2004 Brooks/Cole, a division of Thomson Learning, Inc.

X = x p(x) 1 / 6 1 / 6 1 / 6 1 / 6 1 / 6 1 / 6. x = 1 x = 2 x = 3 x = 4 x = 5 x = 6 values for the random variable X

MLLunsford 1. Activity: Central Limit Theorem Theory and Computations

MA : Introductory Probability

Section Distributions of Random Variables

Chapter 4 Continuous Random Variables and Probability Distributions

Statistics for Business and Economics: Random Variables (1)

Chapter 2: Random Variables (Cont d)

MATH1215: Mathematical Thinking Sec. 08 Spring Worksheet 9: Solution. x P(x)

Section Distributions of Random Variables

AP Statistics Ch 8 The Binomial and Geometric Distributions

Chapter 7 1. Random Variables

Chapter 3 - Lecture 3 Expected Values of Discrete Random Va

Uniform Probability Distribution. Continuous Random Variables &

1/3/12 AP STATS. WARM UP: How was your New Year? EQ: HW: Pg 381 #1, 2, 3, 6, 9, 10, 17, 18, 24, 25, 31. Chapter

Random Variable: Definition

Statistics vs. statistics

Chapter 3 - Lecture 5 The Binomial Probability Distribution

Probability. An intro for calculus students P= Figure 1: A normal integral

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

Learning Objec0ves. Statistics for Business and Economics. Discrete Probability Distribu0ons

Discrete Probability Distributions

PROBABILITY AND STATISTICS, A16, TEST 1

. 13. The maximum error (margin of error) of the estimate for μ (based on known σ) is:

Mean of a Discrete Random variable. Suppose that X is a discrete random variable whose distribution is : :

Discrete Probability Distributions

Probability Models.S2 Discrete Random Variables

AP Statistics Section 6.1 Day 1 Multiple Choice Practice. a) a random variable. b) a parameter. c) biased. d) a random sample. e) a statistic.

8.1 Binomial Distributions

Chapter ! Bell Shaped

Point Estimation. Stat 4570/5570 Material from Devore s book (Ed 8), and Cengage

Version A. Problem 1. Let X be the continuous random variable defined by the following pdf: 1 x/2 when 0 x 2, f(x) = 0 otherwise.

MBF2263 Portfolio Management. Lecture 8: Risk and Return in Capital Markets

Math 140 Introductory Statistics. Next test on Oct 19th

Chapter 6: Random Variables

Lecture 9. Probability Distributions. Outline. Outline

ME3620. Theory of Engineering Experimentation. Spring Chapter III. Random Variables and Probability Distributions.

Discrete Probability Distributions

Chapter 4 Discrete Random variables

STT315 Chapter 4 Random Variables & Probability Distributions AM KM

Chapter 3: Probability Distributions and Statistics

Transcription:

Bayes s Rule Example A company manufactures MP3 players at two factories. Factory I produces 60% of the MP3 players and Factory II produces 40%. Two percent of the MP3 players produced at Factory I are defective, while 1% of Factory II s are defective. An MP3 player is selected at random and found to be defective. What is the probability it came from Factory I?

Chapter 16 Random Variables

Random Variable A random variable is a variable that assumes numerical values associated with the random outcomes of an experiment, where one (and only one) numerical value is assigned to each sample point. We use a capital letter, like X, to denote a random variable. A particular value of a random variable will be denoted with a lower case letter, in this case x.

Random Variable (cont.) There are two types of random variables: Discrete random variables can take one of a finite number of distinct outcomes. Example: Number of credit hours Continuous random variables can take any numeric value within a range of values. Example: Cost of books this term

Discrete Random Variable Examples Experiment Random Variable Possible Values Make 100 Sales Calls # Sales 0, 1, 2,..., 100 Inspect 70 Radios # Defective 0, 1, 2,..., 70 Answer 33 Questions # Correct 0, 1, 2,..., 33 Count Cars at Toll Between 11:00 & 1:00 # Cars Arriving 0, 1, 2,...,

Continuous Random Variable Examples Experiment Random Variable Possible Values Weigh 100 People Weight 45.1, 78,... Measure Part Life Hours 900, 875.9,... Amount spent on food $ amount 54.12, 42,... Measure Time Between Arrivals Inter-Arrival Time 0, 1.3, 2.78,...

Thinking Challenge Which of the following describe continuous random variables? Which describe discrete random variables? a)the number of newspapers sold by the New York Times each month b)the amount of ink used in printing a Sunday edition of the New York Times. c)the actual number of ounces in a 1-gallon bottle of laundry detergent. d)the number of defective parts in ashipment of nuts and bolts. e)the number of people collecting unemployment insurance each month.

Probability model (distribution) A probability model for a random variable consists of: The collection of all possible values of a random variable, and the probabilities that the values occur.

Discrete Probability Distribution The probability distribution of a discrete random variable is a graph, table, or formula that specifies the probability associated with each possible value the random variable can assume.

Requirements for the Probability Distribution of a Discrete Random Variable x 1. p(x) 0 for all values of x 2. Σp(x) = 1 where the summation of p(x) is over all possible values of x.

Discrete Probability Distribution Example Experiment: Toss 2 coins. Count number of tails. Probability Distribution Values, x Probabilities, p(x) 0 1/4 =.25 1 2/4 =.50 2 1/4 =.25 1984-1994 T/Maker Co.

Visualizing Discrete Probability Distributions p(x).50.25.00 Graph 0 1 2 x # Tails Table f(x) Count p(x) 0 1.25 1 2.50 2 1.25 Formula n! P(x) = p x!(n x)! x (1 p) n x

Thinking challenge A fair coin is tossed till to get the first head or four tails in a row. Let X be the number of tails we get. a. Determine the values of random variables b. Assign probabilities to each value of random b. Assign probabilities to each value of random variable

Expected Value and Variance Of particular interest is the value we expect a random variable to take on, notated µ (for population mean) or E(X) for expected value. Expected Value represents the center of the probability distribution. Variance, σ 2, is for the dispersion of the probability distribution. Standard deviation is the square root of the variance.

Ex. 16.23 You play two games against the same opponent. The probability you win the first game is 0.4. If you win the first game, the probability you also win the second game is 0.2. If you lose the fırst game, the probability that you win the second is 0.3 Are the two games independent? What is the probability that you lose the both games? What is the probability that you win the both games? If you lost the second game, what is the probability that you won the first game? Let random variable X be the number of games you win. Find the probability dist.(model) for X.

Continuous Random Variables Random variables that can take on any value in a range of values are called continuous random variables. Continuous random variables have means (expected values) and variances. We won t worry about how to calculate these means and variances in this course, but we can still work with models for continuous random variables when we re given these parameters.

Thinking Challenge Your company bids for two contracts. You believe the probability you get contract#1 is 0.8. If you get contract #1, the probability you will also get contract#2 will be 0.2, and if you do not get #1, the probability you get #2 will be 0.3. a) Are the two contracts independent? Explain. b) Find the probability you get both contracts. c) Find the probability you get no contract. d) If you did not get the contract#2, what is the probability that you got contract#1? e) Let X be the number of contracts you get. Find the probability model for X.