CCT226H5 Chapter Notes - Chapter 6: Probability Distribution, Random Variable, Standard Deviation
12 Mar 2014
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Document Summary
In this chapter we study continuous probability distributions. Like distance from the residence to the classroom, the weight of an individual, the amount of bonuses earned by cfos. When examining continuous distribution we are interested in information such as the percent of students who travel less than 10km or the percent of students who travel more than 8km. In other words, for a continuous distribution, we may wish to know the percent of observations that occur within a certain range. It is important to realize that a continuous random variable has an infinite number of values within a particular range. There are two families of continuous probability distributions, the uniform probability distribution and the normal probability distribution. These describe the likelihood that a continuous random variable that has an infinite number of possible values will fall within a specified range. This is rectangular in shape and is defined by minimum and maximum values.
