Distribution
Last updated
Last updated
Binomial Distribution: "I flip a fair coin 5 times. What are the chances that I get heads 0 times? 1 time? 2 times? Etc..."
Negative Binomial Distribution: I flip a fair coin 5 times. What are the chances it takes me two flips to get heads twice? How about 3 flips to get heads twice? 4 Flips? Etc..."
The mean of the Negative Binomial Distribution is:
The variance of the Negative Binomial Distribution is:
The Geometric Distribution is a discrete probability distribution that helps us calculate the probability distribution of repeated independent events.
The Poisson Distribution lets us ask how likely any given number of events are over a set interval of time.
An average of 20 customers walk into a store in a given hour. What is the probability that 25 customers walks into a store in the next hour?
A police officer pulls over an average of 3 people for speeding violations per shift. What is the probability that the officer will pull over two people for speeding violations during their next shift?
The Exponential Distribution describes the probability distribution of the amount of time it may take before an event occurs. In a way, it solves the inverse of the problem solves by the Poisson Distribution.
The Exponential Distribution lets us ask how likely the length of an interval of time is before an event occurs exactly once.