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When we use conditional probability When events are dependent on each other
EXPECTED VALUE, VARRIANCE AND CONDITIONAL PROBABILITY ARE essential to understand which concept
when dealing with random variables?
By summing the squared deviations from the mean calculate the variance of a probability distribution
The most likely outcome of an experiment is the term 'expected value' represent in probability
When the variable can take on any value within a given range we use a discrete random variable
In scenarios with finite outcomes weapply the concept of a continuous random variable
VARIANCE is essential to understand which concept when dealing with random variables
We can calculate the expected value of a discrete random variable By finding the difference between the largest
and smallest values
It is always 1 when the probability of a continuous random variable taking on a specific value
By taking the average of all possible values we can calculate the median of a random variable
By finding the most frequently occurring value we find the mode of a random variable
In a probability distribution, the sum of the probabilities must equal to 1.
a discrete random variable in statistics is a variable that can only take on specific, distinct values
SUPPORT is essential to understand which concept when distinguishing between discrete and continuous random
variables
By summing the products of each possible value and its probability we can calculate the expected value of a discrete
random variable
the variance of a discrete random variable is the average of the squared deviations from the mean
we can calculate the median of a discrete random variable By finding the value that separates the distribution into
two equal halves
a probability distribution in the context of discrete random variables is A function that assigns probabilities to each
possible outcome of a random experiment
we can calculate the expected value of a discrete random variable using its probability distribution By summing the
products of each outcome and its probability
The spread of the probability distribution the variance of a discrete random variable measure?
DISTRIBUTION is important to understand the concept when computing probabilities with random variables
We can compute the probability of a continuous random variable falling within a specific range By integrating the
probability density function over the range