Types of Probability Distribution von Edu Pristine

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Über den Vortrag

Der Vortrag „Types of Probability Distribution“ von Edu Pristine ist Bestandteil des Kurses „ARCHIV Probability Theory“. Der Vortrag ist dabei in folgende Kapitel unterteilt:

  • Joint distribution
  • Covariance and Correlation
  • Probability distributions
  • Binomial distribution
  • Poisson distribution
  • Standard Normal Distribution
  • Standard Normal Distribution

Dozent des Vortrages Types of Probability Distribution

 Edu Pristine

Edu Pristine

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, EduPristine is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, Operational Risk Modeling etc. It was founded by industry professionals who have worked in the area of investment banking and private equity in organizations such as Goldman Sachs, Crisil - A Standard & Poors Company, Standard Chartered and Accenture.

EduPristine has conducted corporate training for various leading corporations and colleges like JP Morgan, Bank of America, Ernst & Young, Accenture, HSBC, IIM C, NUS Singapore etc. EduPristine has conducted more than 500,000 man-hours of quality training in finance.
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Auszüge aus dem Begleitmaterial

... Let X denote the number of defective welds and Y denote the improperly tightened bolts. Find the probability that defective welds and improperly tightened bolts are 2 and 2 respectively. Find the Expected value. Probability that defective welds and improperly tightened bolts are 2 and 2 respectively ...

... is a special case of the covariance when the two variables are identical. If two variables tend to vary together, the covariance between the two variables will be positive. The covariance is zero if, and only if the random variables are statistically independent, that is, there is no correlation between them mathematically, if X and Y be two random variables with corresponding expected values. We can ...

... bolts and number of defective welds...

... Correlation coefficient indicates the strength and direction of a linear relationship between two random variables The correlation coefficient is calculated as where X and Y are to random variables with expected values x and y. The correlation coefficient vary from -1 to +1: -1 indicates perfect negative ...

... The values must cover all of the possible outcomes of the event, while the total probabilities must sum to exactly 1 or 100%. Example: Suppose you flip a coin twice. There are four possible outcomes: HH, HT, TH and TT. Let the variable X represent the number of heads that result from this experiment It can take on the values 0, 1, or 2. X is a random variable (its value is determined by the outcome of a statistical experiment) A probability distribution is a table or an relation that links each outcome of a statistical experiment with its probability of occurrence ...

... probability distribution (called a probability density function or density function or PDF) The area bounded by the curve of the density function and the x-axis is equal to 1, when computed over the domain of the variable. Normal probability distribution, student's distribution are examples of continuous probability distributions www.edupristine.com. Neev Knowledge Management Pristine3: "If a variable can take on any value between two sp ecified values, it is called a continuous variable. Otherwise, it is called a discrete variable. "If a random variable is a discrete variable, its probability distribution is called a discrete probability. For example, tossing of a coin & noting the number of heads (random variable) can take a discrete value. Binomial probability distribution, poisson probability distribution. "If a random variable is a continuous variable, its probability ...

... the sum of all the probabilities till that observation. Take the previous example of flipping of coin twice. The following table gives the probability of occurrence of heads and the cumulative probability as well. The point to ...

... "The variance of the event is the product of the probability of success and probability of failure: ... www.edupristine.com ... Neev Knowledge Management Pristine5 Assumptions: The outcome of an experiment can either be success (i.e., 1) and failure or "The ...