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Don’t use percentage in Exam until given in question to mention in question, just write in decimal
or fraction (should be 0-1)
0
Zero factorial
Sum of all probability is 1
IMP asked in exam..final answer should be in decimal
Probability of failure:
Probability of success:
Eg. Earthquakes, traffic safety-seatbelts will reduce accident or not?
eg. Pandemic rare, death due to pandemic not rare
Probability mass function of poisson distribution:
X can be zero or 1
Discrete we use summation
https://www.youtube.com/watch?v=BNxHULV1F8U
https://www.youtube.com/watch?v=c06FZ2Yq9rk
https://www.youtube.com/watch?v=65sqKFqxZ6Y
https://www.youtube.com/watch?v=b9a27XN_6tg
Gives linear relationship btwn two variable: Quantitative
Errors in data acquisition- making error in notes; wrong policy planning by manager
Selection bias- if u r asked ab tur frnds in class, so u should say all frnds otherwise its bias
Type 1 error, Type 2 error, Level of significance, Confidence level
Z value: sample size calculation
Statistical methodology is imp to determine sample size
Estimator: formula
Party-contribution-cost estimate
Sample-estimate
IMP:
For 99% take 2.58
Y=a+bx ---------eq 1
Y=dependent
X=independent
X=wt
Y=yrs