Quantitative Methods for Management_MBA_Bharathiar University probability dis...Victor Seelan
unit 3 probability distribution
Probability – definitions – addition and multiplication Rules (only statements) – simple business application problems – probability distribution – expected value concept – theoretical probability distributions – Binomial, Poison and Normal – Simple problems applied to business.
Quantitative Methods for Management_MBA_Bharathiar University probability dis...Victor Seelan
unit 3 probability distribution
Probability – definitions – addition and multiplication Rules (only statements) – simple business application problems – probability distribution – expected value concept – theoretical probability distributions – Binomial, Poison and Normal – Simple problems applied to business.
The PPT covered the distinguish between discrete and continuous distribution. Detailed explanation of the types of discrete distributions such as binomial distribution, Poisson distribution & Hyper-geometric distribution.
Module Five Normal Distributions & Hypothesis TestingTop of F.docxroushhsiu
Module Five: Normal Distributions & Hypothesis Testing
Top of Form
Bottom of Form
·
Introduction & Goals
This week's investigations introduce and explore one of the most common distributions (one you may be familiar with): the Normal Distribution. In our explorations of the distribution and its associated curve, we will revisit the question of "What is typical?" and look at the likelihood (probability) that certain observations would occur in a given population with a variable that is normally distributed. We will apply our work with Normal Distributions to briefly explore some big concepts of inferential statistics, including the Central Limit Theorem and Hypothesis Testing. There are a lot of new ideas in this week’s work. This week is more exploratory in nature.
Goals:
· Explore the Empirical Rule
· Become familiar with the normal curve as a mathematical model, its applications and limitations
· Calculate z-scores & explain what they mean
· Use technology to calculate normal probabilities
· Determine the statistical significance of an observed difference in two means
· Use technology to perform a hypothesis test comparing means (z-test) and interpret its meaning
· Use technology to perform a hypothesis test comparing means (t-test) (optional)
· Gather data for Comparative Study Final Project.
·
DoW #5: The SAT & The ACT
Two Common Tests for college admission are the SAT (Scholastic Aptitude Test) and the ACT (American College Test). The scores for these tests are scaled so that they follow a normal distribution.
· The SAT reported that its scores were normally distributed with a mean μ=896 and a standard deviation σ=174
· The ACT reported that its scores were normally distributed with a mean μ=20.6 and a standard deviation σ=5.2.
We have two questions to consider for this week’s DoW:
2. A high school student Bobby takes both of these tests. On the SAT, he achieves a score of 1080. On the ACT, he achieves a score of 30. He cannot decide which score is the better one to send with his college applications.
. Question: Which test score is the stronger score to send to his colleges?
· A hypothetical group called SAT Prep claims that students who take their SAT Preparatory course score higher on the SAT than the general population. To support their claim, they site a study in which a random sample of 50 SAT Prep students had a mean SAT score of 1000. They claim that since this mean is higher than the known mean of 896 for all SAT scores, their program must improve SAT scores.
. Question: Is this difference in the mean scores statistically significant? Does SAT Prep truly improve SAT Scores?
.
Investigation 1: What is Normal?
One reason for gathering data is to see which observations are most likely. For instance, when we looked at the raisin data in DoW #3, we were looking to see what the most likely number of raisins was for each brand of raisins. We cannot ever be certain of the exact number of raisins in a box (because it varies) ...
The PPT covered the distinguish between discrete and continuous distribution. Detailed explanation of the types of discrete distributions such as binomial distribution, Poisson distribution & Hyper-geometric distribution.
Module Five Normal Distributions & Hypothesis TestingTop of F.docxroushhsiu
Module Five: Normal Distributions & Hypothesis Testing
Top of Form
Bottom of Form
·
Introduction & Goals
This week's investigations introduce and explore one of the most common distributions (one you may be familiar with): the Normal Distribution. In our explorations of the distribution and its associated curve, we will revisit the question of "What is typical?" and look at the likelihood (probability) that certain observations would occur in a given population with a variable that is normally distributed. We will apply our work with Normal Distributions to briefly explore some big concepts of inferential statistics, including the Central Limit Theorem and Hypothesis Testing. There are a lot of new ideas in this week’s work. This week is more exploratory in nature.
Goals:
· Explore the Empirical Rule
· Become familiar with the normal curve as a mathematical model, its applications and limitations
· Calculate z-scores & explain what they mean
· Use technology to calculate normal probabilities
· Determine the statistical significance of an observed difference in two means
· Use technology to perform a hypothesis test comparing means (z-test) and interpret its meaning
· Use technology to perform a hypothesis test comparing means (t-test) (optional)
· Gather data for Comparative Study Final Project.
·
DoW #5: The SAT & The ACT
Two Common Tests for college admission are the SAT (Scholastic Aptitude Test) and the ACT (American College Test). The scores for these tests are scaled so that they follow a normal distribution.
· The SAT reported that its scores were normally distributed with a mean μ=896 and a standard deviation σ=174
· The ACT reported that its scores were normally distributed with a mean μ=20.6 and a standard deviation σ=5.2.
We have two questions to consider for this week’s DoW:
2. A high school student Bobby takes both of these tests. On the SAT, he achieves a score of 1080. On the ACT, he achieves a score of 30. He cannot decide which score is the better one to send with his college applications.
. Question: Which test score is the stronger score to send to his colleges?
· A hypothetical group called SAT Prep claims that students who take their SAT Preparatory course score higher on the SAT than the general population. To support their claim, they site a study in which a random sample of 50 SAT Prep students had a mean SAT score of 1000. They claim that since this mean is higher than the known mean of 896 for all SAT scores, their program must improve SAT scores.
. Question: Is this difference in the mean scores statistically significant? Does SAT Prep truly improve SAT Scores?
.
Investigation 1: What is Normal?
One reason for gathering data is to see which observations are most likely. For instance, when we looked at the raisin data in DoW #3, we were looking to see what the most likely number of raisins was for each brand of raisins. We cannot ever be certain of the exact number of raisins in a box (because it varies) ...
Overview of the fundamental roles in Hydropower generation and the components involved in wider Electrical Engineering.
This paper presents the design and construction of hydroelectric dams from the hydrologist’s survey of the valley before construction, all aspects and involved disciplines, fluid dynamics, structural engineering, generation and mains frequency regulation to the very transmission of power through the network in the United Kingdom.
Author: Robbie Edward Sayers
Collaborators and co editors: Charlie Sims and Connor Healey.
(C) 2024 Robbie E. Sayers
Water scarcity is the lack of fresh water resources to meet the standard water demand. There are two type of water scarcity. One is physical. The other is economic water scarcity.
Hierarchical Digital Twin of a Naval Power SystemKerry Sado
A hierarchical digital twin of a Naval DC power system has been developed and experimentally verified. Similar to other state-of-the-art digital twins, this technology creates a digital replica of the physical system executed in real-time or faster, which can modify hardware controls. However, its advantage stems from distributing computational efforts by utilizing a hierarchical structure composed of lower-level digital twin blocks and a higher-level system digital twin. Each digital twin block is associated with a physical subsystem of the hardware and communicates with a singular system digital twin, which creates a system-level response. By extracting information from each level of the hierarchy, power system controls of the hardware were reconfigured autonomously. This hierarchical digital twin development offers several advantages over other digital twins, particularly in the field of naval power systems. The hierarchical structure allows for greater computational efficiency and scalability while the ability to autonomously reconfigure hardware controls offers increased flexibility and responsiveness. The hierarchical decomposition and models utilized were well aligned with the physical twin, as indicated by the maximum deviations between the developed digital twin hierarchy and the hardware.
Saudi Arabia stands as a titan in the global energy landscape, renowned for its abundant oil and gas resources. It's the largest exporter of petroleum and holds some of the world's most significant reserves. Let's delve into the top 10 oil and gas projects shaping Saudi Arabia's energy future in 2024.
Final project report on grocery store management system..pdfKamal Acharya
In today’s fast-changing business environment, it’s extremely important to be able to respond to client needs in the most effective and timely manner. If your customers wish to see your business online and have instant access to your products or services.
Online Grocery Store is an e-commerce website, which retails various grocery products. This project allows viewing various products available enables registered users to purchase desired products instantly using Paytm, UPI payment processor (Instant Pay) and also can place order by using Cash on Delivery (Pay Later) option. This project provides an easy access to Administrators and Managers to view orders placed using Pay Later and Instant Pay options.
In order to develop an e-commerce website, a number of Technologies must be studied and understood. These include multi-tiered architecture, server and client-side scripting techniques, implementation technologies, programming language (such as PHP, HTML, CSS, JavaScript) and MySQL relational databases. This is a project with the objective to develop a basic website where a consumer is provided with a shopping cart website and also to know about the technologies used to develop such a website.
This document will discuss each of the underlying technologies to create and implement an e- commerce website.
NO1 Uk best vashikaran specialist in delhi vashikaran baba near me online vas...Amil Baba Dawood bangali
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Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...Dr.Costas Sachpazis
Terzaghi's soil bearing capacity theory, developed by Karl Terzaghi, is a fundamental principle in geotechnical engineering used to determine the bearing capacity of shallow foundations. This theory provides a method to calculate the ultimate bearing capacity of soil, which is the maximum load per unit area that the soil can support without undergoing shear failure. The Calculation HTML Code included.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdffxintegritypublishin
Advancements in technology unveil a myriad of electrical and electronic breakthroughs geared towards efficiently harnessing limited resources to meet human energy demands. The optimization of hybrid solar PV panels and pumped hydro energy supply systems plays a pivotal role in utilizing natural resources effectively. This initiative not only benefits humanity but also fosters environmental sustainability. The study investigated the design optimization of these hybrid systems, focusing on understanding solar radiation patterns, identifying geographical influences on solar radiation, formulating a mathematical model for system optimization, and determining the optimal configuration of PV panels and pumped hydro storage. Through a comparative analysis approach and eight weeks of data collection, the study addressed key research questions related to solar radiation patterns and optimal system design. The findings highlighted regions with heightened solar radiation levels, showcasing substantial potential for power generation and emphasizing the system's efficiency. Optimizing system design significantly boosted power generation, promoted renewable energy utilization, and enhanced energy storage capacity. The study underscored the benefits of optimizing hybrid solar PV panels and pumped hydro energy supply systems for sustainable energy usage. Optimizing the design of solar PV panels and pumped hydro energy supply systems as examined across diverse climatic conditions in a developing country, not only enhances power generation but also improves the integration of renewable energy sources and boosts energy storage capacities, particularly beneficial for less economically prosperous regions. Additionally, the study provides valuable insights for advancing energy research in economically viable areas. Recommendations included conducting site-specific assessments, utilizing advanced modeling tools, implementing regular maintenance protocols, and enhancing communication among system components.
About
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
Technical Specifications
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
Key Features
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface
• Compatible with MAFI CCR system
• Copatiable with IDM8000 CCR
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
Application
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
2. What is probability distribution?
• Probability distribution is a mathematical function that describes the likelihood of occurrence
of different outcomes in a random event. In other words, it is a way of representing the
uncertainty associated with a random variable. A random variable is a variable that can take
on different values based on the outcome of a random event.
• A probability distribution assigns a probability to each possible outcome of a random event. The
probabilities are usually represented as values between 0 and 1, where 0 represents an
impossible outcome and 1 represents a certain outcome. The sum of all probabilities in a
probability distribution must equal 1, since one of the possible outcomes must occur.
• There are different types of probability distributions, including discrete distributions and
continuous distributions. Discrete distributions, such as the Bernoulli and binomial
distributions, are used to model events with a finite number of outcomes. Continuous
distributions, such as the normal and exponential distributions, are used to model events with
an infinite number of possible outcomes.
• The shape of a probability distribution is determined by its parameters, which can be
estimated from data or derived from physical laws. Once a probability distribution has been
determined, it can be used to make predictions about the outcome of future events, estimate
the likelihood of specific outcomes, and perform various statistical analyses.
•
3. Types of probability distribution
1. Discrete Distributions: These distributions are used to model events with a finite or countably
infinite number of outcomes. Examples include the Bernoulli, Binomial, Poisson, and
Geometric distributions.
2. Continuous Distributions: These distributions are used to model events with an uncountably
infinite number of outcomes, such as real numbers. Examples include the Normal, Exponential,
Uniform, and Log-Normal distributions.
3. Univariate Distributions: These distributions describe the behavior of a single random
variable. Examples include the Normal and Exponential distributions.
4. Multivariate Distributions: These distributions describe the behavior of multiple random
variables. Examples include the Multivariate Normal and Dirichlet distributions.
5. Symmetric Distributions: These distributions have a mean that is equal to the median, and the
distribution is symmetrical around the mean. Examples include the Normal and Uniform
distributions.
6. Skewed Distributions: These distributions have a mean that is not equal to the median, and
the distribution is not symmetrical around the mean. Examples include the Log-Normal and
Pareto distributions.
5. BASICS OF NORMAL
DISTRIBUTION:
A Normal Distribution is also known as a Gaussian distribution.
The normal distribution is magical because most of the naturally
occurring phenomenon follows a normal distribution.
For example, blood pressure, IQ scores, heights follow the normal
distribution
6. STANDARD NORMAL
DISTRIBUTION AND Z-SCORE:
The standard normal distribution has a mean of 0 and variance of 1.
Any normal distribution can be converted to standard normal distribution to find
probability. In order to do this we use the ‘Z-SCORE’.
EMPERICAL RULE: It states that 68% of the values of a normal distribution of
data lie within ‘1σ’ of the mean, 95% within ‘2σ’, and 99.7% within ‘3σ’.
7. PLOTTING A NORMAL CURVE
USING PYTHON:
Suppose we have data of the heights of adults in a town which follows normal
distribution, we have a sufficient sample size with mean equal to 5.3 and the
standard deviation 1.
Here, loc = mean = 5.3
scale = standard deviation = 1
9. REAL WORLD APPLICATIONS:
In the investment world, the periodic (daily, monthly, even annual) returns of
assets like stocks and bonds are assumed to follow a normal distribution.
In the corporate world, the distribution of the severity of manufacturing defects
was found to be normally distributed (this makes sense: usually you make it
right, a few times you make it slightly wrong, and once in a blue moon you
completely mess it up)
The process improvement framework Six Sigma was basically built around this
observation.
In data science and statistics, statistical inference (and hypothesis testing)
relies heavily on the normal distribution.
10.
11.
12. Binomial Distribution
Q.What ia binomial distribution?
The binomial distribution is one of the most commonly used distributions in
statistics. It describes the probability of obtaining k successes in n binomial
experiments.
If a random variable X follows a binomial distribution, then the probability
that X = k successes can be found by the following formula:
P(X=k) = nCk * pk * (1-p)n-k
where:
•n: number of trials
•k: number of successes
•p: probability of success on a given trial
•nCk: the number of ways to obtain k successes in n trials
13. Generating an array that follows binomial distribution
using python
Each number in the resulting array represents the number of
“successes” experienced during 10 trials where the probability of
success in a given trial was 0.25.
14. Eg.Q1:Tanish makes 60% of his free-throw attempts. If he
shoots 12 free throws, what is the probability that he makes
exactly 10?
The probability that Tanish makes exactly 10 free throws
is 0.0639.
15. Eg.Q2: Afaz flips a fair coin 5 times. What is the probability
that the coin lands on heads 2 times or fewer?
The probability that the coin lands on heads 2 times or
fewer is 0.5.
16. Visualizing a Binomial Distribution
Code:
The x-axis describes the number of successes during 10 trials and the y-axis
displays the number of times each number of successes occurred during 1,000
experiments.