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Rms Formula Probability

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36 views7 pages

Rms Formula Probability

Uploaded by

charbel marun
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Stotstcs.Simoified. STATOLOGY w © FEBRUARY 8, 2021 & BY ZACH How to Find the Standard Deviation of a Probability Distribution A probability distribution tells us the probability that a random variable takes on certain values. For example, the following probability distribution tells us the probability that a certain soccer team scores a certain number of goals in a given game: Goals (X) Probability P(X) 0 0.18 0.34 0.35 0.11 0.02 To find the standard deviation of a probability distribution, we can use the following formula: o = VE(x-H)? * POX) where: + xj The i* value +» y: The mean of the distribution + P(xj): The probability of the i” value For example, consider our probability distribution for the soccer team: Goals (Xx) _| Probability P(x) o 0.18 1 0.34 2 0.35 3 O11 4 0.02 The mean number of goals for the soccer team would be calculated as: pH =0*0.18 + 1*0.34 + 2*0.35 + 3*0.11 + 4*0.02 = 1.45 goals. We could then calculate the standard deviation as: Goals (X) Probability P(X) (x-n)?* Pix) ° 0.18 (0-1.45)'*0.18 = .3785 a 0.34 (1-1.45)**0.34 = 0689 2 0.35 (2-1.45)'*0.35 = 1059 3 0.11 (3-1.45)"*0.1 4 0.02 (4-1.45)?*0.0; The standard deviation is the square root of the sum of the values in the third column. Thus, we would calculate it as: Standard deviation = v(.3785 + .0689 + .1059 + .2643 + .1301) = 0.9734 The variance is simply the standard deviation squared, so: Variance = .9734? = 0.9475 The following examples show how to calculate the standard deviation of a probability distribution in a few other scenarios. Example 1: Standard Deviation of Vehicle Failures The following probability distribution tells us the probability that a given vehicle experiences a certain number of battery failures during a 10-year span: Failures(x) | Probability P(X) | o 0.24 1 05? 2 0.16 3 0.03 Question: What is the standard deviation of the number of failures for this vehicle? Solution: The mean number of expected failures is calculated as: py =0*0.24 + 1*0.57 + 2*0.16 + 3*0.03 = 0.98 failures. We could then calculate the standard deviation as: Failures (x) | Probability P(x) (xn)? * Px) o | 0.24 (0-.98)**0.24 = 2305 1 0.57 (1-.98)°*0.57 = 0002 a 0.16 (2-.98)'*0.16 = 1665 3 0.03 (3-.98)*0.03 =.1224 The standard deviation is the square root of the sum of the values in the third column. Thus, we would calculate it as: Standard deviation = v(.2305 + .0002 + .1665 + .1224) = 0.7208 Example 2: Standard Deviation of Sales The following probability distribution tells us the probability that a given salesman will make a certain number of sales in the upcoming month: Sales (X) Probability P(X) 10 0.24 20 0.31 30 0.39 40 0.06 Question: What is the standard deviation of the number of sales for this salesman in the upcoming month? Solution: The mean number of expected sales is calculated as: y= 10*.24 + 20*.31 + 30*0.39 + 40*0.06 = 22.7 sales. We could then calculate the standard deviation as: ___Sales(x)__|_ Probability P(x) Oxcn)?* Pld 10 0.24 (10-22.7)'*0.24 = 38.7096 20 0.31 (20-22.7)**0.31 = 2.2599 30, 0.39 (30-22.7)*0. 39 = 20.7831 40 0.06 (40-22.7)"*.06 = 17.9574 The standard deviation is the square root of the sum of the values in the third column. Thus, we would calculate it as: Standard deviation = V(38.7096 + 2.2599 + 20.7831 + 17.9574) = 8.928 Additional Resources How to Find the Mean of a Probability Distribution Probability Distribution Calculator Published by Zach View all posts by Zach PREV Probability Distribution Calculator NEXT What is a Multimodal Distribution? Leave a Reply Your email address will not be published. Required fields are marked * Comment * a Name * * Email Website AMENT SEARCH Search... Q ABOUT Statology is a site that makes learning statistics easy by explaining topics in simple and straightforward ways. Learn more about us. STATOLOGY STUDY Statology Study is the ultimate online statistics study guide that helps you study and practice all of the core concepts taught in any elementary statistics course and makes your life so much easier as a student. (nw STATOLO GY STUDY INTRODUCTION TO STATISTICS COURSE Introduction to Statistics is our premier online video course that teaches you all of the topics covered in introductory statistics. Get started with our course today. Introduction to Statistics O14 STATOLOGY 55 70 85 100 115 130 145 RECENT POSTS. How to Convert Data Frame to Time Series in R How to Find All Unique Combinations of Two Vectors in R How to Remove NA from Matrix in R (With Example) 1022 Statology | Privacy Policy Exclusive Member of Mediavine Food

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