simulate 100 events where 12 students have been accepted and each student is 66% likely to accept. andministrators want to try to ubderstand how many students will attend the school
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This is the answer.
If a random variable X is distributed normally with probability distribution function p(x), then the expected value of X is E(X) = integral of x*p(x)dx evaluated over the whole of the real line.
Depending on whether you subtract actual value from expected value or other way around, a positive or negative percent error, will tell you on which side of the expected value that your actual value is. For example, suppose your expected value is 24, and your actual value is 24.3 then if you do the following calculation to figure percent error:[percent error] = (actual value - expected value)/(actual value) - 1 --> then convert to percent.So you have (24.3 - 24)/24 -1 = .0125 --> 1.25%, which tells me the actual is higher than the expected. If instead, you subtracted the actual from the expected, then you would get a negative 1.25%, but your actual is still greater than the expected. My preference is to subtract the expected from the actual. That way a positive error tells you the actual is greater than expected, and a negative percent error tells you that the actual is less than the expected.
It is a variable that can take a number of different values. The probability that it takes a value in any given range is determined by a random process and the value of that probability is given by the probability distribution function.It is a variable that can take a number of different values. The probability that it takes a value in any given range is determined by a random process and the value of that probability is given by the probability distribution function.It is a variable that can take a number of different values. The probability that it takes a value in any given range is determined by a random process and the value of that probability is given by the probability distribution function.It is a variable that can take a number of different values. The probability that it takes a value in any given range is determined by a random process and the value of that probability is given by the probability distribution function.
Zero is the smallest probability.