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What re the three criteria needed for something to be a probability distribution?
A probability distribution must have a well defined domain - that is, the set of possible outcomes.For each possible outcome, there must be a non-negative value associated - the probability of that outcome.The sum of the probabilities, over all possible outcomes, must be 1.
What is the difference between Geometric and a Poisson probability distribution?
The geometric probability distribution models the number of trials needed to achieve the first success in a series of independent Bernoulli trials, with a constant probability of success on each trial. In contrast, the Poisson probability distribution represents the number of events occurring in a fixed interval of time or space, given a constant average rate of occurrence and independence of events. Essentially, the geometric distribution focuses on the number of trials until the first success, while the Poisson distribution deals with the count of events happening within a specific period or area.
How many standard deviations is needed to capture 75 percent of data?
It depends on the shape of the distribution. For standard normal distribution, a two tailed range would be from -1.15 sd to + 1.15 sd.
What education and training is required to become an actuary?
A person who wants to be an actuary would have working knowledge of mathematics-including calculus, probability, and statistics-and has demonstrated this knowledge by passing one or two actuarial exams required for professional designation. A degree in finance, mathematics and business would help build the skills needed for success in the field.
The average gas mileage of a certain model car is 28 miles per gallon If the gas mileages are normally distributed with a standard deviation of 1.7 find the probability that a car has a gas mileage?
That's on page 126 in your statistics textbook...... DO YOUR OWN HOMEWORK!!! K i obv needed help with how to do it, ass. I didn't want just the answer.
How many random variables are needed to plot a probability distribution?
A probability density function can be plotted for a single random variable.
What re the three criteria needed for something to be a probability distribution?
A probability distribution must have a well defined domain - that is, the set of possible outcomes.For each possible outcome, there must be a non-negative value associated - the probability of that outcome.The sum of the probabilities, over all possible outcomes, must be 1.
What is the difference between Geometric and a Poisson probability distribution?
The geometric probability distribution models the number of trials needed to achieve the first success in a series of independent Bernoulli trials, with a constant probability of success on each trial. In contrast, the Poisson probability distribution represents the number of events occurring in a fixed interval of time or space, given a constant average rate of occurrence and independence of events. Essentially, the geometric distribution focuses on the number of trials until the first success, while the Poisson distribution deals with the count of events happening within a specific period or area.
What probability value would be needed to complete the following probability distribution?
You should be given p(x) values such as 0.09 0.19 0.14 0.29 you just add these values to get 0.71 subtract 0.71 from 1 to get 0.29 is the answer
What sample size is needed to disprove the hypothesis that the probability of outcome A equals 0.25?
The answer depends on what population characteristic A measures: whether it is mean, variance, standard deviation, proportion etc. It also depends on the sampling distribution of A.
When is a historgam used?
I think that you mean histogram, so I am going to go off of that meaning. A histogram is a statistical image that shows a visual impression of the distribution of data. It's purpose is to assess the probability distribution of a given variable, by depicting frequencies in a certain range of values. Histograms are used when density estimation is needed, or when one needs to estimate the probability density function of an underlying variable. More often than not, it is used in mathematics and statistics in order to determine the distribution of a specific variable at varying frequencies.
Why is a correction factor of x or - 0.5 needed?
The answer depends on the context. In probability or statistics, when using a continuous distribution as an approximation for a discrete distribution it is advisable to use 0.5 as a "continuity correction". This is to allow for the fact that the discrete variable usually cannot take values between integers. In other situations a correction may be applied to allow for measurement error.
What was needed before cities and complex civilizations could develop in Americas?
They needed plenty of land to develop cities and complex civilizations in the Americas.
Why were statistics developed?
To be able to understand the probability of chance for an occurrence and to further understand probability
What is the probability of having 4 consecutive successes in 10 trials?
More information is needed to determine the answer to the question. We need to know the probability of success or failure.
Is a normally distributed variable needed to have a normally distributed sampling distribution.?
Yes, it is.
What best summarizes resources distribution on Earth?
Resources can be unavailable in areas where they are needed.
