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7 Cards in this Set

  • Front
  • Back
What are the rules for a discrete probability distribution?
Sum of table entries = 1.00
No item has a negative probability.
What is another name for an expected value?
The mean.
What is the basic definition of an expected value?
The sum of y * P(y)
Simply the expected value
E(200 + 100y)
200 + 100*E(y)
What are the three discrete distributions?
Nomial (bi, negative, multi)

Hypergeometric (w/o replacement)

Poisson
What is the purpose of a negative binomial?
To find the Nth successful outcome observed.
What are the continuous probability distributions?
Normal, uniform, exponential