Random Variables and Discrete Probability Distributions

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Raffle Example • Since not not winning winning one one of of the the prizes prizes cannot be named as a “prize prize”, , it would be best to represent the outcomes as using the value, in dollars, for each prize.
Raffle Example • Since not not winning winning one one of of the the prizes prizes cannot be named as a “prize prize”, , it would be best to represent the outcomes as using the value, in dollars, for each prize. �� The outcomes are $500, $200, $50, $10, <strong>and</strong> $0.
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Random Variables and Discrete Proba
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Random Variable • A random variab
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Random Variable • A discrete rand
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Random Variable • A continuous ra
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Probability Distribution for a Disc
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What is the probability distributio
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What is the probability distributio
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Page 59 and 60: Requirements for a probability dist
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Page 63 and 64: Did you notice that if the examples
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Page 67 and 68: Notation • For clarity, we will u
Page 69 and 70: Does the table below represent a pr
Page 77 and 78: Probability Histogram • As with a
Page 79: Raffle Example • Although there a
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Page 89 and 90: Raffle Example • Finally, we comp
Page 91 and 92: Raffle Example Probability Distribu
Page 93 and 94: Raffle Example • We do not need t
Page 95 and 96: Raffle Example • Winnings Winning
Page 97 and 98: Raffle Example • Alternate Altern
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Page 105 and 106: Raffle Example • Note: The point
Page 107 and 108: Raffle Example • Did you notice t
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Page 111 and 112: Expected Value for a Discrete Rando
Page 119 and 120: How many Heads should we expect if
Page 125 and 126: What is the expected value for the
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What is the expected prize for our
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What are the expected winnings for
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For our raffle example, can we use
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Variance and Standard Deviation for
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What is the standard deviation for
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Variance and Standard Deviation for
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Random Variables and Discrete Probability Distributions

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