Chapter 5 5- Statistics for Business Analysis Day 4 Session I PROBABILITY DISTRIBUTIONS Learning Objectives The properties of a probability distribution To calculate the…

Binomial distribution In probability theory and statistics, the binomial distribution is the discrete probability distribution of the number of successes in a sequence of…

Slide 1In electromagnetic systems, the energy per photon = h. In communication systems, noise can be either quantum or additive from the measurement system ( receiver, etc).…

Slide 1Section 7.2 Slide 2 Mean of a probability distribution is the long- run average outcome, µ, or µ x. Also called the expected value of x, or E(X). µ x = x i P i…

Slide 1Economics of Information (ECON3016) Review of decision theory under uncertainty Slide 2 Concavity and convexity Lets draw them in the whiteboard !!! Slide 3 Uncertainty…

Slide 1Copyright (c) 2004 Brooks/Cole, a division of Thomson Learning, Inc. Chapter 3 Discrete Random Variables and Probability Distributions Slide 2 Copyright (c) 2004 Brooks/Cole,…

Slide 1Copyright ©2006 Brooks/Cole, a division of Thomson Learning, Inc. Random Variables Chapter 8 Slide 2 Copyright ©2006 Brooks/Cole, a division of Thomson Learning,…

Slide 1Expected Value Slide 2 When faced with uncertainties, decisions are usually not based solely on probabilities A building contractor has to decide whether to bid on…

Slide 1Measuring the performance of climate predictions Chris Ferro, Tom Fricker, David Stephenson Mathematics Research Institute University of Exeter, UK IMA Conference…

Slide 1Christopher Dougherty EC220 - Introduction to econometrics (review chapter) Slideshow: exercise r.4 Original citation: Dougherty, C. (2012) EC220 - Introduction to…