If the process that generates the outcome is known, probabilities can be deduced from theoretical arguments; this is the? - ANSWERSClassical Probability Definition
This is based on empirical data - ANSWERSRelative Frequency Definition of Probability
This is based on judgement and experiences ...
If the process that generates the outcome is known, probabilities can be deduced from theoretical
arguments; this is the? - ANSWERSClassical Probability Definition
This is based on empirical data - ANSWERSRelative Frequency Definition of Probability
This is based on judgement and experiences as sports experts might use to predict the probability of a
specific team winning the championship - ANSWERSSubjective Definition of Probability
This is a numerical description of an outcome of an experiment. - ANSWERSRandom variable
What are the 2 types of Random Variables? - ANSWERSDiscrete and Continuous
A Discrete Random Variable - ANSWERSis one for which the number of possible outcomes can be
counted.
Describe Binomial Distribution - ANSWERSIt models n independent replications of a Bernoulli
experiment, each with a probability of p success.
What distribution can assume different shapes and amounts of skewness, depending on the parameters?
- ANSWERSBinomial Distribution
Most important distribution used in statistics, and is a continuous distribution described by the familiar
bell-curve? - ANSWERSNormal Distribution
A Continuous Random Variable - ANSWERShas outcomes over one or more continuous intervals or real
numbers
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