1、basic concepts and properties of probability Random variable Outcomes Event Mutually exclusive events互斥事件 Exhaustive events 穷举事件 Independent events 独立事件 Dependent events 飞独立事件 2、types of probability Empirical probability 经验概率 根据历史数据得出的发生概率 Priori probability先验概率 基于逻辑...
Both are types of the discrete probability distribution that obtains the probability of success in an outcome. The outcomes in each distribution are independent. Bernoulli distribution is a distribution with only two possible outcomes; “yes” with probability p and “no” with probability 1-p. For...
Probability is used in finance to calculate the risks and potential rewards of different investments. By analyzing historical data and projecting future trends, investors can calculate the probability of a stock or other investment increasing in value, and use this information to make more informed de...
large biological data analysis - probability concepts and statistical distributionsBayes's theorem - conditional probability and independencerandom variables (r.v) - types and distributionSummary This chapter contains sections titled: Introduction Basic Concepts Conditional Probability and Independence Random ...
Probability can range from 0 to 1, where 0 means the event to be an impossible one and 1 indicates a certain event. Probability for Class 10 is an important topic for the students which explains all the basic concepts of this topic. The probability of all the events in a sample space ...
Explore what is probability distribution. Learn the definition of probability distribution, formula, types along with examples
This chapter begins with the basic concepts of probability and discusses on the various types of probability models. Discrete Probability model is the most simple and intuitive type that involves a discrete set of possible outcomes and no time-dynamic elements. Continuous probability model is based ...
later stages; illustrating the complementary/dual nature of statistical and probabilistic reasoning; utilising the potential of technology and show its limits; and reflecting on the different levels of formalisation to meet the wide variety of students' previous knowledge, abilities, and learning types....
Continuous probability distributions generally appear as a curve or a line on a graph because the data under the line is continuous and not finite. What Are the Types of Discrete Distribution? The most common discrete distributions used by statisticians or analysts include the binomial, Poisson, Be...
The bond in Figure 16-2 contains three different types of cash flows: 1. Three coupon payments on dates ti, t2, and t3. We strip these fixed cash flows and place them in Figure 16-3b. Although the coupons are risky, we can still extract three default-free coupon payments from the ...