Chap006 - 6 1 Chapter Six Discrete Probability...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 6- 1 Chapter Six Discrete Probability Distributions Discrete Probability Distributions Objectives When you have completed this chapter, you will be able to: ONE Define the terms random variable and probability distribution. TWO Distinguish between a discrete and continuous probability distributions. THREE Calculate the mean, variance, and standard deviation of a discrete probability distribution. 6- 2 Chapter Six continued A Survey of Probability Concepts A Survey of Probability Concepts Objectives When you have completed this chapter, you will be able to: FOUR Describe the characteristics and compute probabilities using the binomial probability distribution FIVE Describe the characteristics and compute the probabilities using the Poisson distribution. 6- 3 Random Variables Random Variables A random variable is a numerical value determined by the outcome of an experiment. A probability distribution is the listing of all possible outcomes of an experiment and the corresponding probability. 6- 4 Types of Probability Distributions Types of Probability Distributions A discrete probability distribution can assume only certain outcomes. A continuous probability distribution can assume an infinite number of values within a given range. 6- 5 Types of Probability Distributions Types of Probability Distributions Examples of a discrete distribution are: The number of students in a class. The number of children in a family. The number of cars entering a carwash in a hour. Number of home mortgages approved by Coastal Federal Bank last week. 6- 6 Types of Probability Distributions Types of Probability Distributions Examples of a continuous distribution include: The distance students travel to class....
View Full Document

This note was uploaded on 03/19/2012 for the course MGMT 604 604 taught by Professor Mohamed during the Spring '12 term at Manor.

Page1 / 26

Chap006 - 6 1 Chapter Six Discrete Probability...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online