Probability Distributions

• Probability distributions are a key concept in studying statistics.
• They describe the behaviour of random variables.
• A probability distribution assigns probabilities to all possible outcomes of a random experiment, like flipping a coin or rolling a die.
• There are two main types: discrete and continuous probability distributions.
• Discrete distributions, such as binomial and Poisson, deal with variables that can take on a finite or countably infinite number of values.
• Continuous distributions, such as normal and exponential, deal with variables that can take any value within a specified interval.
• Understanding probability distributions is crucial for grasping statistical concepts and their applications in fields like physics, engineering, and economics.