Math 216: Statistical Thinking
Overview
Definition
Discrete Random Variables: Assume a countable number of values.
Definition
Continuous Random Variables: Assume values from any point within an interval.
Definition
Probability Distribution: Specifies all possible values and the probabilities of a discrete random variable.
This distribution fully describes the likelihood of each outcome when a fair die is rolled.
Requirements
Definition
The expected value (\(E(X)\)), or mean, is the weighted average of all possible values.
\[ \mu = E(X) = \sum_{\text{all } x_i} x_i p(x_i) = x_1 p(x_1) + x_2 p(x_2) + \cdots \]
Definition
Variance measures the spread of values around the mean.
\[ \sigma^2 = \operatorname{Var}(x) = E\left[(x-\mu)^2\right] = \sum_{\text{all } x_i}\left(x_i-\mu\right)^2 p(x_i) = \left[\sum_{\text{all } x_i} x_i^2 p(x_i)\right] - \mu^2 \]
Standard Deviation is the square root of variance, indicating typical deviation from the mean.
\[ \sigma = \sqrt{\operatorname{Var}(x)} \]