week 3 notes_scm
week 3 notes_scm 200
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This 1 page Class Notes was uploaded by Evangelos Katradis on Sunday February 7, 2016. The Class Notes belongs to 200 at Pennsylvania State University taught by Marilyn Blanco in Fall. Since its upload, it has received 11 views. For similar materials see Supply Chain Management (business statistics) in Business at Pennsylvania State University.
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Date Created: 02/07/16
Topic 5: Types of Probability Distributions Requirements for a Discrete Probability Distribution: 1. the probability of each event or combo of events must range from 0 to 1 2. sum of the probabilities of all possible events must = 1 T/F: the distribution of peoples heights is an example of a discrete probability distributionF T/F: the sum of the probabilities in a discrete probability distribution could total 1.2.F Topic 6: Random Variables and Random Sampling Random variable? 1. numerical value 2. probabilities: associated w/ those values (probability doesn’t need to be equal) Events> Random Variables> Probability Distributions> Inference and Decision Making T/F: Probabilities associated with random variables must all be equalF **expected value: not what I expect to happen next time**
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