Discree Probability Model
Discree Probability Model
Basics of Discrete Probability Model
- The discrete probability model is used to describe the probability of each possible outcome when the number of outcomes is finite or countably infinite.
- A random variable is a function that assigns a numerical value to each outcome of a statistical experiment.
- A discrete random variable can only take a countable number of values. Examples include the number of heads in a coin toss, the number of girls in a family of three children etc.
Properties of Discrete Probability Model
- The probability distribution of a discrete random variable is defined by a probability mass function, denoted by the pmf.
- The pmf gives the probability that a discrete random variable is exactly equal to some value. It satisfies two conditions: each probability is between 0 and 1 inclusive, and the sum of the probabilities is 1.
- The expected value or mean of a discrete random variable X, denoted E(X), is the average value of X in a large number of experiments.
- Similarly, the variance denoted Var(X), measures the dispersion of the random variable around its mean.
Examples of Discrete Probability Models
- Binomial distribution model describes number of successes in a fixed number of Bernoulli trials with the same probability of success.
- Poison distribution model describes number of events in a fixed interval of time or space with a known average rate of occurrence.
- Geometric distribution model describes number of failures before the first success in a series of independent and identically distributed Bernoulli trials.
Key Points to Remember
- The discrete probability model is used to describe the probability of outcomes for discrete random variables.
- It’s important to correctly identify and use the appropriate probability model depending on the nature of experiment or event being studied.
- Understanding the properties such as pmf, mean, and variance is key to modelling and analysing the probability of occurrence of events.
- Mastery of different types of discrete probability models like binomial, Poisson, and geometric distribution models opens up various analytical approaches to solve real-life problems.