What is the formula for the mean of a discrete random variable?
What is the definition of a discrete random variable?
A discrete random variable is an event or set of events which has a limited number of possible outcomes.
What defines discrete data?
Data is defined as DISCRETE if it can only take certain values.
What is a random variable?
A random variable is one which depends on random events – that is the event is unpredictable.
What is the expected value in probability distributions?
The expected value can be considered the mean of a probability distribution.
What is variance in the context of probability distributions?
Define a uniform distribution.
A uniform distribution is a random variable which has a constant probability and is symmetrical.
What is the formula for the expected value of a continuous uniform distribution?
where a and b are the bounds of the distribution.
True or False: Continuous random variables can take any value within a given range.
True.
Define a continuous uniform distribution.
A continuous uniform distribution is a continuous random variable which has a constant probability and is symmetrical.
Define a discrete uniform distribution.
A discrete uniform distribution is a random variable in which each outcome has the same probability.
What is the significance of the notation P(X=x)?
It represents the probability that the random variable X takes the value x.
What is the relationship between probability and expectation?
Expectation is calculated using probabilities of the outcomes of a random variable.
What does the term ‘mean’ refer to in probability distributions?
The average value of the outcomes, also known as the expected value.
What is the formula for the variance of a continuous uniform distribution?
where a and b are the bounds of the distribution
Fill in the blank: The probability of an event occurring is expressed as a _______.
[number between 0 and 1]
What is the expected outcome for a discrete random variable?
It can be calculated using the probabilities and the values of the random variable.
What does it mean for a distribution to be symmetrical?
Mean=Median
Fill in the blank: The mean is also referred to as the _______.
[expected value]
What is the significance of the ‘at least’ and ‘at most’ terms in probability?
They help define the range of outcomes that are considered in probability calculations.
For any continuous random variable, what is P(X=x)?
0