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Probability For Dummies Cheat Sheet - For Dummies

This document provides an overview of key concepts in probability, including discrete and continuous probability distributions. It outlines principles of probability like rules, definitions, and laws used to calculate probabilities. Discrete probability distributions have a finite number of possible values and include binomial, Poisson, and geometric distributions. Continuous probability distributions have an infinite number of possible values represented by intervals and include normal, exponential, and uniform distributions. Mastering these fundamental probability concepts is important for exam preparation.

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Brian O'Connell
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1K views3 pages

Probability For Dummies Cheat Sheet - For Dummies

This document provides an overview of key concepts in probability, including discrete and continuous probability distributions. It outlines principles of probability like rules, definitions, and laws used to calculate probabilities. Discrete probability distributions have a finite number of possible values and include binomial, Poisson, and geometric distributions. Continuous probability distributions have an infinite number of possible values represented by intervals and include normal, exponential, and uniform distributions. Mastering these fundamental probability concepts is important for exam preparation.

Uploaded by

Brian O'Connell
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CheatSheet

ProbabilityForDummies
FromProbabilityForDummiesbyDeborahRumsey
Successfullyworkingyourwaythroughprobabilityproblemsmeans understandingsomebasicrulesofprobabilityalongwithdiscreteand continuousprobabilitydistributions.Usesomehelpfulstudytipsso you'rewellpreparedtotakeaprobabilityexam.

PrinciplesofProbability
Themathematicsfieldofprobabilityhasitsownrules,definitions,andlaws, whichyoucanusetofindtheprobabilityofoutcomes,events,orcombinations ofoutcomesandevents.Todetermineprobability,youneedtoaddorsubtract, multiplyordividetheprobabilitiesoftheoriginaloutcomesandevents.You usesomecombinationssooftenthattheyhavetheirownrulesandformulas. Thebetteryouunderstandtheideasbehindtheformulas,themorelikelyitis thatyou'llrememberthemandbeabletousethemsuccessfully.

Probabilityrules

Probabilitydefinitions Probabilitylaws

Countingrules

DiscreteProbabilityDistributions
Inprobability,adiscretedistributionhaseitherafiniteoracountablyinfinite numberofpossiblevalues.Thatmeansyoucanenumerateormakealisting ofallpossiblevalues,suchas1,2,3,4,5,6or1,2,3,... Thereareseveralkindsofdiscreteprobabilitydistributions,includingdiscrete uniform,binomial,Poisson,geometric,negativebinomial,andhypergeometric.

ContinuousProbabilityDistributions
Whenyouworkwithcontinuousprobabilitydistributions,thefunctionscan takemanyforms.Theseincludecontinuousuniform,exponential,normal, standardnormal(Z),binomialapproximation,Poissonapproximation,and distributionsforthesamplemeanandsampleproportion. Whenyouworkwiththenormaldistribution,youneedtokeepinmindthatit's acontinuousdistribution,notadiscreteone.Acontinuousdistribution's probabilityfunctiontakestheformofacontinuouscurve,anditsrandom variabletakesonanuncountablyinfinitenumberofpossiblevalues.This meansthesetofpossiblevaluesiswrittenasaninterval,suchasnegative infinitytopositiveinfinity,zerotoinfinity,oranintervallike[0,10],which representsallrealnumbersfrom0to10,including0and10.

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