Briefly explain the following topics with the help of example.
Discrete probability
This is the probability that Counts events with a finite or countable consequence. Example is Bernoulli probability distributions.
Continuous Probability
This is the probability where the outcomes can be found anywhere on a continuum. Example is Temperature on a given day or month.
Normal Distribution
This is a function that depicts the distribution of a large number of randomly generated variables. Example is a symmetrical bell-shaped graph.
Hypergeometric Distribution
The hypergeometric distribution is a discrete probability distribution that defines the probability of k successes in n draws without replacement from a limited population of size N containing exactly K items with that feature, where each draw is either successful or unsuccessful. Example: A deck of cards contains 20 cards: 6 red cards and 14 black cards. 5 cards are drawn randomly without replacement. What is the probability that exactly 4 red cards are drawn?
Poisson Distribution
This is a discrete frequency distribution that expresses the likelihood of a set of independent occurrences occurring at a specific moment. Example: If the average number of people who rent movies on a Friday night at a single video store location is 400, a Poisson distribution can answer such questions as, "What is the probability that more than 600 people will rent movies?".
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