How is probability distribution of random variable construct, Mathematics

Assignment Help:

How is the probability distribution of a random variable constructed?
Usually, the past behavior of the variable is studied and the frequency distribution of the past data is formed. If the past behavior can be taken as a representative pattern of the future also, then the past frequency distribution can be used as a guide for predicting the future values of the random variable. If past behavior cannot help, then a subjective probability distribution of the likely future values is formed on the basis of expert opinion.  

 

Example 

 

The issue pattern of a component AB323 as observed by the storekeeper of XYZ Limited over the past one hundred working days has been summarized below.

Number Issued

No. of days


100

1

101

2

102

3

103

5

104

6

105

7

106

9

107

10

108

12

109

11

110

9

111

8

112

6

113

5

114

4

115

2

From the above table, in addition to observing that the issues have ranged between 100 units to 115 units, the storekeeper can also assess the chances of each quantity being issued by forming a probability distribution.

The probability distribution can be formed by dividing the individual values by 100 (the total number of days over which the observations have been made).

Number issued

Probability that the Random Variable will take on this value


100

0.01

101

0.02

102

0.03

103

0.05

104

0.06

105

0.07

106

0.09

107

0.10

108

0.12

109

0.11

110

0.09

111

0.08

112

0.06

113

0.05

114

0.04

115

0.02

Total

1.00                                          

The probability distribution of a random variable provides a probability for each possible value and the probabilities must sum to 1. 


Related Discussions:- How is probability distribution of random variable construct

Find the area of shaded region, Find the area of shaded region, if the side...

Find the area of shaded region, if the side of square is 28cm and radius of the sector is ½ the length of side of square.

Solution of linear equation, Solution of Linear Equation How to solve ...

Solution of Linear Equation How to solve a linear equation? Please assist me.

Mod(z-25i)<15, Mod(Z-25i)   Sol) mod (Z-25i) means Z lies in the circumfer...

Mod(Z-25i)   Sol) mod (Z-25i) means Z lies in the circumference of the circle with (0,25) at its centre and radius less then 15. so difference in the max and min value of arg Z is

Optimization, Optimization : In this section we will learn optimization p...

Optimization : In this section we will learn optimization problems.  In optimization problems we will see for the largest value or the smallest value which a function can take.

What are the average total repair costs per month, An automobile manufactur...

An automobile manufacturer needs to build a data warehouse to store and analyze data about repairs of vehicles. Among other information, the date of repair, properties of the vehic

Round 14.851 to the nearest tenth, Round 14.851 to the nearest tenth? T...

Round 14.851 to the nearest tenth? The tenths place is the ?rst number to the right of the decimal. Here the number 8 is in the tenths place. To decide whether to round up or

Find the larger of two supplementary angles, The larger of two supplementar...

The larger of two supplementary angles exceeds the smaller by 180, find them. (Ans:990,810) Ans:    x + y = 180 0          x - y =  18 0        -----------------

Shares and dividends, I have a maths assignment as- Use a newspaper to stud...

I have a maths assignment as- Use a newspaper to study and give a report on shares and dividends.

Positive real exponents, Simplify following and write the answers with only...

Simplify following and write the answers with only positive exponents.  (a) ( x 8.2 y -0.26 z 2 ) 0.5  (b)  (x 3 y -4.1   / x -2.7 ) -3 Solution  (a) (x 8.2

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd