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Distributions
Lesson Agenda
▪ distinguish between discrete and continuous random variables
▪ construct and graph a probability distribution
▪ find the mean, variance, and standard deviation of a probability
distribution
▪ find the expected value of a probability distribution
random variable (x)≡ a numerical measure of
the outcome from a probability experiment
1) 0 ≤ P(x) ≤ 1
2) Σ P(x) = 1
Construct a probability distribution for the random variable, x. Then graph the distribution
using a histogram.
Score, x Frequency, f P(x)
1 24
2 33
3 42
4 30
5 21
Σ=
Drawing a Relative Frequency Histogram
horizontal axis = x, value of the random
variable
1 24 0.16
2 33 0.22
3 42 0.28
4 30 0.20
5 21 0.14
Σ = 150
Lesson Agenda
▪ distinguish between discrete and continuous random variables
▪ construct and graph a probability distribution
▪ find the mean, variance, and standard deviation of a probability
distribution
▪ find the expected value of a probability distribution
…remember the STANDARD DEVIATION =√VARIANCE
Mean of a Probability Distribution
Score, x Frequency, f P(x) x * P(x)
1 24 0.16
2 33 0.22
3 42 0.28
4 30 0.20
5 21 0.14
Σ = 150 Σ=
About the mean…
▪ represents the “theoretical average” of a probability
experiment.
▪ can have a value that is NOT a possible outcome
▪ if enough trials were performed the mean of the
experiment would equal the mean of the random
variable
Variance & Standard Deviation
of a Probability Distribution
Score, x Frequency, f P(x) x * P(x) x-μ (x - μ)2 (x - μ)2 *P(x)
1 24 0.16
2 33 0.22
3 42 0.28
4 30 0.20
5 21 0.14
Σ = 150 Σ= Σ=
MEAN VARIANCE
Parameters of a Probability Distribution
Compute the mean, variance, and standard deviation of the following
probability distribution which represents the number of DVDs a person
rents from a video store during a single visit.
The Mean of a Discrete Random Variable
The following data represent the number of DVDs rented by
100 randomly selected customers in a single visit. Compute
the mean number of DVDs rented.
Expected Value
Gain, x
Probability
x P(x)
*The value 0.05 is not absolutely rigid. Other values, such as 0.01, are sometimes used to determine
significance, depending on the context.
Challenge: Be a Better Bettor
You have $5 to place on a bet in the Golden Nugget casino in Las Vegas. You have narrowed your choice to one
of two bets:
b. If you bet $5 on the pass line in the dice game of craps, the probability of losing $5 is 251/495 and the
probability of making a net gain of $5 is 244/495. (If you bet $5 on the pass line and win, you are given
$10 that includes your bet, so the net gain is $5.) Find your expected value if you bet $5 on the pass line.
Lose
Win (net gain)
Total
Lose
Win (net gain)
Total
Is the NFL Overtime Coin-Toss Rule Fair?
Overtime in National Football League (NFL) football games begins
with a coin toss. The team winning this coin toss has the option of
receiving the ball or kicking the ball.