EC 285 - Ch. 04 - Discrete Random Variables
EC 285 - Chapter 4 - Discrete Random Variables
Textbook: Introductory Business Statistics 2e (OpenStax), Chapter 4 · Slides: Chapter 4 slides
Covered in class: Tue Sep 29, Thu Oct 1
Goals (from the slides)
- Discrete vs. continuous random variables; probability distribution of a discrete RV
- Mean, variance and standard deviation of a discrete RV; functions of random variables
- Bernoulli and binomial distributions (mean, variance, tables)
- Poisson distribution (mean, variance, tables, shape)
- Jointly distributed discrete RVs: covariance and correlation