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    Introduction To Business Statistics: Probability

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    Nghĩa Phùng
    The document summarizes key concepts relating to discrete probability distributions including binomial, hypergeometric, and Poisson distributions. It provides examples of true/false statements for each distribution and examples of calculating probabilities. It also outlines exercises for students to work on in class relating to these discrete distributions.

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    Introduction To Business Statistics: Probability

    Uploaded by

    Nghĩa Phùng
    41 views2 pages
    The document summarizes key concepts relating to discrete probability distributions including binomial, hypergeometric, and Poisson distributions. It provides examples of true/false statements for each distribution and examples of calculating probabilities. It also outlines exercises for students to work on in class relating to these discrete distributions.

    Original Title

    Chapter 5

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    The document summarizes key concepts relating to discrete probability distributions including binomial, hypergeometric, and Poisson distributions. It provides examples of true/false statements for each distribution and examples of calculating probabilities. It also outlines exercises for students to work on in class relating to these discrete distributions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views2 pages

    Introduction To Business Statistics: Probability

    Uploaded by

    Nghĩa Phùng
    The document summarizes key concepts relating to discrete probability distributions including binomial, hypergeometric, and Poisson distributions. It provides examples of true/false statements for each distribution and examples of calculating probabilities. It also outlines exercises for students to work on in class relating to these discrete distributions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    10/29/2020

    Probability

    Introduction to 
    Business Statistics
    Session 5: Discrete Distributions • Chapter 5: Discrete Probability Distributions
    Prof. dr. Bo van der Rhee

    • Exercises Chapter 5

    Summary of Discrete (left) & Continuous (right) For a Binomial distribution with p = 25% and


    Uniform f(x) = 1/n f(x) = 1/(b-a) n = 10, which is TRUE?
    All probabilities the same n = # possible outcomes b = max. & a = min.

    A. The expected value equals 2 or 3 6.1%


    f(x) = 𝑛
    Binomial 𝑝 1 𝑝 Normal – f(x) = use Table!
    𝑥
    (p doesn’t change)  = average,  = st. dev.
    n = # trials; x = # successes 30.6%
    Note: approximate Hypergeometric by B. P(x < 5) = 1 - P(x > 5)
    p = probability for success
    Binomial if N>20n
    𝑟 𝑁 𝑟 Note: you can approximate Binomial by
    Hypergeometric f(x) = 𝑥 𝑛 𝑥 Normal if np & n(1-p) > 5: 8.2%
    C. P(x = 10) = P(x = 0)
    (p does change) 𝑁
    N = # population; n = # sample 𝑛  = np; 2 = np(1-p)
    r = # successes in population; x = # successes in sample
    D. The expected value equals 2.5 55.1%
    𝜇 𝑒 Exponential – f(x) = 1 𝑒 /
    Poisson f(x) =
    # occurrences in 𝑥! 𝜇
    time/space  = average # occurrences per time/space unit  = average time between events;
    x = # of occurrences we are looking for P(x > y) = e-y/ Closed

    1
    10/29/2020

    For a Poisson distribution with mu = 4 per 5 You check 3 out of 20 new TVs and find that
    minutes, which is TRUE? 1 is defective. Hypergeometric values?
    N = 3, x = 1, n =
    A. 3.1%
    A. P(x = 2 in 3 minutes) = P(x = 4 in 6 minutes) 45.3% 20

    N = 20, x = 1, n =
    B. 80.0%
    3
    B. mu = 8 per 10 minutes 39.6%
    C. r = 3, N = 1, x =... 4.6%

    C. P(x = 4 in 5 minutes) = 100% 15.1%


    D. x = 20, n = 3, r = 1 12.3%

    Closed Closed

    Read question together
    We need to make sure that ALL 
    students know what to do (not 
    necessarily how to do it!)
    Exercises!
    In Class Homework
    11 10
    41 40 Work on the problem
    49 46 Either alone or in small teams (no 
    55 54 more than 3 students). TAs will 
    NO 5.4 Bivariate Dist. walk around, and solutions will be 
    shared after 10‐15 minutes.

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