MM_207_Seminar_5

MM_207_Seminar_5 - Unit 5 Seminar Probability and Binomial...

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Unit 5 Seminar Probability and Binomial Distributions MM207: Statistics
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LEARNING OUTCOMES Define a random variable and a probability distribution Use a binomial probability distribution to calculate the probability of an event Compute the mean and standard deviation of a random variable with a binomial distribution
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Random Variable Defined Variable: a letter that may represent a variety of “things” Random: based on chance Random Variable: quantitative (numerical) variable that takes on values based on chance Discrete: finite (whole #) Continuous: infinite (not whole # only)
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Discrete vs. Continuous Identify each of the following as a discrete or continuous: A. The number of tables sold at a furniture store B. The number of gallons of water in a reservoir C. The temperature of a pot roast cooking in an oven D. The number of coins contained in a slot machine
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Probability Distribution Each value of a random variable has a probability assigned to it Recall:
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This note was uploaded on 08/05/2008 for the course MM 207 taught by Professor Hill during the Spring '08 term at Kaplan University.

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MM_207_Seminar_5 - Unit 5 Seminar Probability and Binomial...

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