Probability
Probability
What Is Probability?
What Are Probability Distributions?
Types of Probability Distribution
Conclusion
Data Science has grown in popularity as an interdisciplinary field. It extracts facts and
insights from structured, semi-structured, and unstructured datasets using scientific
approaches, methods, algorithms, and tools. Businesses use these data and insights to
improve production, expand their business, and anticipate user needs. The probability
distribution is important when performing data analysis and preparing a dataset for model
training. In this tutorial, you will learn about Probability Distribution and its types.
What Is Probability?
A probability distribution is a statistical function that describes all the possible values and
probabilities for a random variable within a given range. This range will be bound by the
minimum and maximum possible values, but where the possible value would be plotted on
the probability distribution will be determined by a number of factors. The mean (average),
standard deviation, skewness, and kurtosis of the distribution are among these factors.
Each possible value of the discrete random variable can be associated with a non-zero
probability in a discrete probability distribution.
Binomial Distribution
The binomial distribution is a discrete distribution with a finite number of possibilities. When
observing a series of what are known as Bernoulli trials, the binomial distribution emerges. A
Bernoulli trial is a scientific experiment with only two outcomes: success or failure.
Consider a random experiment in which you toss a biased coin six times with a 0.4 chance of
getting head. If 'getting a head' is considered a ‘success’, the binomial distribution will show
the probability of r successes for each value of r.
The binomial random variable represents the number of successes (r) in n consecutive
independent Bernoulli trials.
Bernoulli's Distribution
The Bernoulli distribution is a variant of the Binomial distribution in which only one
experiment is conducted, resulting in a single observation. As a result, the Bernoulli
distribution describes events that have exactly two outcomes.
The experiment's outcome can be a value of 0 or 1. Bernoulli random variables can have
values of 0 or 1.
The pmf function is used to calculate the probability of various random variable values.
Poisson Distribution
A Poisson distribution is a probability distribution used in statistics to show how many times
an event is likely to happen over a given period of time. To put it another way, it's a count
distribution. Poisson distributions are frequently used to comprehend independent events at a
constant rate over a given time interval. Siméon Denis Poisson, a French mathematician, was
the inspiration for the name.
The below-given Python code generates the 1x100 distribution for occurrence 5.
The area under the curve of a continuous random variable's PDF is used to calculate its
probability. As a result, only value ranges can have a non-zero probability. A continuous
random variable's probability of equaling some value is always zero.
Normal Distribution
Normal Distribution is one of the most basic continuous distribution types. Gaussian
distribution is another name for it. Around its mean value, this probability distribution is
symmetrical. It also demonstrates that data close to the mean occurs more frequently than
data far from it. Here, the mean is 0, and the variance is a finite value.
In the example, you generated 100 random variables ranging from 1 to 50. After that, you
created a function to define the normal distribution formula to calculate the probability
density function. Then, you have plotted the data points and probability density function
against X-axis and Y-axis, respectively.
Continuous Uniform Distribution
In continuous uniform distribution, all outcomes are equally possible. Each variable has the
same chance of being hit as a result. Random variables are spaced evenly in this symmetric
probabilistic distribution, with a 1/ (b-a) probability.
The below Python code is a simple example of continuous distribution taking 1000 samples
of random variables.
Log-Normal Distribution
The random variables whose logarithm values follow a normal distribution are plotted using
this distribution. Take a look at the random variables X and Y. The variable represented in
this distribution is Y = ln(X), where ln denotes the natural logarithm of X values.
The size distribution of rain droplets can be plotted using log normal distribution.
Exponential Distribution
You can see in the below example how to get random samples of exponential distribution and
return Numpy array samples by using the numpy.random.exponential() method.
Conclusion
Companies and businesses hire data scientists in various fields, including computer science,
health care, insurance, engineering, and even social science, where probability distributions
are standard tools. Knowing the fundamentals of statistics is critical for data analysts and data
scientists. Probability Distributions are essential for analyzing data and preparing a dataset
for efficient algorithm training.
If you are interested in learning more about this topic and related statistical concepts, you
could explore a career in data analytics. Simplilearn's Data Analytics Certification Program is
one of the most comprehensive online programs out there for this.
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