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  • Session Summary - Probability and Probability Distributions

Session Summary - Probability and Probability Distributions

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In This Session

You learnt the following concepts in this session

  1. Probability is the chance of the occurrence of specific events.

  2. Probability can be calculated using the classical, empirical or subjective.

  3. Random variables are variables used to assign outcomes of random processes. Random variables can either be discrete or continuous.

  4. The normal distribution is a special type of probability distribution that is symmetric about its mean and occurs quite frequently in nature. It can be converted to a standard normal distribution using the z-score.

 

The session summary has been provided below for your reference.