Formula Sheet

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FORMULA SHEET

DESCRIPTIVE STATISTICS
N N
∑ xi ∑ (x i −μ)2
i=1 i=1
μ= σ2 =
Population N N
σ =√ σ 2
n n
∑ xi ∑ ( x i− x̄ )2
i=1 i=1
x̄ = s2 =
Sample n n−1 s= √ s2
N

 x i i
xw  i 1
N


i 1
i

Weighted average
Coefficient of variation Correlation coefficient
s
×100 %
CV = x̄
cov(xy )
r=
sx s y
PROBABILITY

Complement P(A') = 1 – P(A)

Addition Rule P(A  B) = P(A) + P(B) – P(A  B)

P(A  B)
P(A|B) =
Conditional Probability P(B)

Multiplication Rule P(A  B) = P(A).P(B|A) = P(B).P(A|B)

Special Case:
If A and B are INDEPENDENT then P(A  B) = P(A).P(B)

Total (or Marginal) probability P(A) = P(A  B1) + P(A  B2) + P(A  B3) + …

where B1, B2, B3 … are mutually exclusive and collectively exhaustive

DISCRETE PROBABILITY DISTRIBUTIONS


N
N
 2   ( xi   ) 2 P( xi )
E( x) = μ = ∑ x i P( x i ) i 1
i=1

BINOMIAL DISTRIBUTION

Binomial Formula P( X=x ) = n C x p x qn−x


where n C x = (nx ) = x!( nn!- x)!
mean  = np standard deviation
σ = √ npq

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