This document discusses probability distributions and introduces the binomial and Poisson distributions. It begins with objectives of understanding probability distributions and applying them to public health challenges. It then defines probability distributions and covers discrete distributions, focusing on the binomial distribution which models success/failure trials and the Poisson distribution which models rare events over time. Examples are provided to demonstrate calculating probabilities using these distributions.
BINOMIAL ,POISSON AND NORMAL DISTRIBUTION.pptxletbestrong
BINOMIAL DISTRIBUTION
In probability theory and statistics, the binomial distribution is the discrete probability distribution gives only two possible results in an experiment, either Success or Failure. For example, if we toss a coin, there could be only two possible outcomes: heads or tails, and if any test is taken, then there could be only two results: pass or fail. This distribution is also called a binomial probability distribution.
Number of trials (n) is a fixed number.
The outcome of a given trial is either success or failure.
The probability of success (p) remains constant from trial to trial which means an experiment is conducted under homogeneous conditions.
The trials are independent which means the outcome of previous trial does not affect the outcome of the next trial.
Binomial Probability Distribution
In binomial probability distribution, the number of ‘Success’ in a sequence of n experiments, where each time a question is asked for yes-no, then the valued outcome is represented either with success/yes/true/one (probability p) or failure/no/false/zero (probability q = 1 − p). A single success/failure test is also called a Bernoulli trial or Bernoulli experiment, and a series of outcomes is called a Bernoulli process. For n = 1, i.e. a single experiment, the binomial distribution is a Bernoulli distribution.
There are two parameters n and p used here in a binomial distribution. The variable ‘n’ states the number of times the experiment runs and the variable ‘p’ tells the probability of any one outcome. Suppose a die is thrown randomly 10 times, then the probability of getting 2 for anyone throw is ⅙. When you throw the dice 10 times, you have a binomial distribution of n = 10 and p = ⅙.
The binomial distribution formula is for any random variable X, given by;
P(x:n,p) = nCx px (1-p)n-x
Where,
n = the number of experiments
x = 0, 1, 2, 3, 4, …
p = Probability of Success in a single experiment
q = Probability of Failure in a single experiment = 1 – p
The binomial distribution formula can also be written in the form of n-Bernoulli trials, where nCx = n!/x!(n-x)!. Hence,
P(x:n,p) = n!/[x!(n-x)!].px.(q)n-x
Binomial Distribution Mean and Variance
For a binomial distribution, the mean, variance and standard deviation for the given number of success are represented using the formulas
Mean, μ = np
Variance, σ2 = npq
Standard Deviation σ= √(npq)
Where p is the probability of success
q is the probability of failure, where q = 1-p
Properties of binomial distribution
The properties of the binomial distribution are:
• There are two possible outcomes: true or false, success or failure, yes or no.
• There is ‘n’ number of independent trials or a fixed number of n times repeated trials.
• The probability of success or failure remains the same for each trial.
• Only the number of success is calculated out of n independent trials.
• Every trial is an independent trial, which means the outcome of one trial does not affect the outcome
BINOMIAL ,POISSON AND NORMAL DISTRIBUTION.pptxletbestrong
BINOMIAL DISTRIBUTION
In probability theory and statistics, the binomial distribution is the discrete probability distribution gives only two possible results in an experiment, either Success or Failure. For example, if we toss a coin, there could be only two possible outcomes: heads or tails, and if any test is taken, then there could be only two results: pass or fail. This distribution is also called a binomial probability distribution.
Number of trials (n) is a fixed number.
The outcome of a given trial is either success or failure.
The probability of success (p) remains constant from trial to trial which means an experiment is conducted under homogeneous conditions.
The trials are independent which means the outcome of previous trial does not affect the outcome of the next trial.
Binomial Probability Distribution
In binomial probability distribution, the number of ‘Success’ in a sequence of n experiments, where each time a question is asked for yes-no, then the valued outcome is represented either with success/yes/true/one (probability p) or failure/no/false/zero (probability q = 1 − p). A single success/failure test is also called a Bernoulli trial or Bernoulli experiment, and a series of outcomes is called a Bernoulli process. For n = 1, i.e. a single experiment, the binomial distribution is a Bernoulli distribution.
There are two parameters n and p used here in a binomial distribution. The variable ‘n’ states the number of times the experiment runs and the variable ‘p’ tells the probability of any one outcome. Suppose a die is thrown randomly 10 times, then the probability of getting 2 for anyone throw is ⅙. When you throw the dice 10 times, you have a binomial distribution of n = 10 and p = ⅙.
The binomial distribution formula is for any random variable X, given by;
P(x:n,p) = nCx px (1-p)n-x
Where,
n = the number of experiments
x = 0, 1, 2, 3, 4, …
p = Probability of Success in a single experiment
q = Probability of Failure in a single experiment = 1 – p
The binomial distribution formula can also be written in the form of n-Bernoulli trials, where nCx = n!/x!(n-x)!. Hence,
P(x:n,p) = n!/[x!(n-x)!].px.(q)n-x
Binomial Distribution Mean and Variance
For a binomial distribution, the mean, variance and standard deviation for the given number of success are represented using the formulas
Mean, μ = np
Variance, σ2 = npq
Standard Deviation σ= √(npq)
Where p is the probability of success
q is the probability of failure, where q = 1-p
Properties of binomial distribution
The properties of the binomial distribution are:
• There are two possible outcomes: true or false, success or failure, yes or no.
• There is ‘n’ number of independent trials or a fixed number of n times repeated trials.
• The probability of success or failure remains the same for each trial.
• Only the number of success is calculated out of n independent trials.
• Every trial is an independent trial, which means the outcome of one trial does not affect the outcome
Elements of Inference covers the following concepts and takes off right from where we left off in the previous slide https://www.slideshare.net/GiridharChandrasekar1/statistics1-the-basics-of-statistics.
Population Vs Sample (Measures)
Probability
Random Variables
Probability Distributions
Statistical Inference – The Concept
If we measure a random variable many times, we can build up a distribution of the values it can take.
Imagine an underlying distribution of values which we would get if it was possible to take more and more measurements under the same conditions.
This gives the probability distribution for the variable.
Make use of the PPT to have a better understanding of Probability Distribution.
Standard Error & Confidence Intervals.pptxhanyiasimple
Certainly! Let's delve into the concept of **standard error**.
## What Is Standard Error?
The **standard error (SE)** is a statistical measure that quantifies the **variability** between a sample statistic (such as the mean) and the corresponding population parameter. Specifically, it estimates how much the sample mean would **vary** if we were to repeat the study using **new samples** from the same population. Here are the key points:
1. **Purpose**: Standard error helps us understand how well our **sample data** represents the entire population. Even with **probability sampling**, where elements are randomly selected, some **sampling error** remains. Calculating the standard error allows us to estimate the representativeness of our sample and draw valid conclusions.
2. **High vs. Low Standard Error**:
- **High Standard Error**: Indicates that sample means are **widely spread** around the population mean. In other words, the sample may not closely represent the population.
- **Low Standard Error**: Suggests that sample means are **closely distributed** around the population mean, indicating that the sample is representative of the population.
3. **Decreasing Standard Error**:
- To decrease the standard error, **increase the sample size**. Using a large, random sample minimizes **sampling bias** and provides a more accurate estimate of the population parameter.
## Standard Error vs. Standard Deviation
- **Standard Deviation (SD)**: Describes variability **within a single sample**. It can be calculated directly from sample data.
- **Standard Error (SE)**: Estimates variability across **multiple samples** from the same population. It is an **inferential statistic** that can only be estimated (unless the true population parameter is known).
### Example:
Suppose we have a random sample of 200 students, and we calculate the mean math SAT score to be 550. In this case:
- **Sample**: The 200 students
- **Population**: All test takers in the region
The standard error helps us understand how well this sample represents the entire population's math SAT scores.
Remember, the standard error is crucial for making valid statistical inferences. By understanding it, researchers can confidently draw conclusions based on sample data. 📊🔍
If you need further clarification or have additional questions, feel free to ask! 😊
---
I've provided a concise explanation of standard error, emphasizing its importance in statistical analysis. If you'd like more details or specific examples, feel free to ask! ¹²³⁴
Source: Conversation with Copilot, 5/31/2024
(1) What Is Standard Error? | How to Calculate (Guide with Examples) - Scribbr. https://www.scribbr.com/statistics/standard-error/.
(2) Standard Error (SE) Definition: Standard Deviation in ... - Investopedia. https://www.investopedia.com/terms/s/standard-error.asp.
(3) Standard error Definition & Meaning - Merriam-Webster. https://www.merriam-webster.com/dictionary/standard%20error.
(4) Standard err
Basic statistics for algorithmic tradingQuantInsti
In this presentation we try to understand the core basics of statistics and its application in algorithmic trading.
We start by defining what statistics is. Collecting data is the root of statistics. We need data to analyse and take quantitative decisions.
While analyzing, there are certain parameters for statistics, this branches statistics into two - descriptive statistics & inferential statistics.
This data that we have collected can be classified into uni-variate and bi-variate. It also tries to explain the fundamental difference.
Going Further we also cover topics like regression line, Coefficient of Determination, Homoscedasticity and Heteroscedasticity.
In this way the presentation look at various aspects of statistics which are used for algorithmic trading.
To learn the advanced applications of statistics for HFT & Quantitative Trading connect with us one our website: www.quantinsti.com.
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.
Elements of Inference covers the following concepts and takes off right from where we left off in the previous slide https://www.slideshare.net/GiridharChandrasekar1/statistics1-the-basics-of-statistics.
Population Vs Sample (Measures)
Probability
Random Variables
Probability Distributions
Statistical Inference – The Concept
If we measure a random variable many times, we can build up a distribution of the values it can take.
Imagine an underlying distribution of values which we would get if it was possible to take more and more measurements under the same conditions.
This gives the probability distribution for the variable.
Make use of the PPT to have a better understanding of Probability Distribution.
Standard Error & Confidence Intervals.pptxhanyiasimple
Certainly! Let's delve into the concept of **standard error**.
## What Is Standard Error?
The **standard error (SE)** is a statistical measure that quantifies the **variability** between a sample statistic (such as the mean) and the corresponding population parameter. Specifically, it estimates how much the sample mean would **vary** if we were to repeat the study using **new samples** from the same population. Here are the key points:
1. **Purpose**: Standard error helps us understand how well our **sample data** represents the entire population. Even with **probability sampling**, where elements are randomly selected, some **sampling error** remains. Calculating the standard error allows us to estimate the representativeness of our sample and draw valid conclusions.
2. **High vs. Low Standard Error**:
- **High Standard Error**: Indicates that sample means are **widely spread** around the population mean. In other words, the sample may not closely represent the population.
- **Low Standard Error**: Suggests that sample means are **closely distributed** around the population mean, indicating that the sample is representative of the population.
3. **Decreasing Standard Error**:
- To decrease the standard error, **increase the sample size**. Using a large, random sample minimizes **sampling bias** and provides a more accurate estimate of the population parameter.
## Standard Error vs. Standard Deviation
- **Standard Deviation (SD)**: Describes variability **within a single sample**. It can be calculated directly from sample data.
- **Standard Error (SE)**: Estimates variability across **multiple samples** from the same population. It is an **inferential statistic** that can only be estimated (unless the true population parameter is known).
### Example:
Suppose we have a random sample of 200 students, and we calculate the mean math SAT score to be 550. In this case:
- **Sample**: The 200 students
- **Population**: All test takers in the region
The standard error helps us understand how well this sample represents the entire population's math SAT scores.
Remember, the standard error is crucial for making valid statistical inferences. By understanding it, researchers can confidently draw conclusions based on sample data. 📊🔍
If you need further clarification or have additional questions, feel free to ask! 😊
---
I've provided a concise explanation of standard error, emphasizing its importance in statistical analysis. If you'd like more details or specific examples, feel free to ask! ¹²³⁴
Source: Conversation with Copilot, 5/31/2024
(1) What Is Standard Error? | How to Calculate (Guide with Examples) - Scribbr. https://www.scribbr.com/statistics/standard-error/.
(2) Standard Error (SE) Definition: Standard Deviation in ... - Investopedia. https://www.investopedia.com/terms/s/standard-error.asp.
(3) Standard error Definition & Meaning - Merriam-Webster. https://www.merriam-webster.com/dictionary/standard%20error.
(4) Standard err
Basic statistics for algorithmic tradingQuantInsti
In this presentation we try to understand the core basics of statistics and its application in algorithmic trading.
We start by defining what statistics is. Collecting data is the root of statistics. We need data to analyse and take quantitative decisions.
While analyzing, there are certain parameters for statistics, this branches statistics into two - descriptive statistics & inferential statistics.
This data that we have collected can be classified into uni-variate and bi-variate. It also tries to explain the fundamental difference.
Going Further we also cover topics like regression line, Coefficient of Determination, Homoscedasticity and Heteroscedasticity.
In this way the presentation look at various aspects of statistics which are used for algorithmic trading.
To learn the advanced applications of statistics for HFT & Quantitative Trading connect with us one our website: www.quantinsti.com.
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.
Show drafts
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Empowering the Data Analytics Ecosystem: A Laser Focus on Value
The data analytics ecosystem thrives when every component functions at its peak, unlocking the true potential of data. Here's a laser focus on key areas for an empowered ecosystem:
1. Democratize Access, Not Data:
Granular Access Controls: Provide users with self-service tools tailored to their specific needs, preventing data overload and misuse.
Data Catalogs: Implement robust data catalogs for easy discovery and understanding of available data sources.
2. Foster Collaboration with Clear Roles:
Data Mesh Architecture: Break down data silos by creating a distributed data ownership model with clear ownership and responsibilities.
Collaborative Workspaces: Utilize interactive platforms where data scientists, analysts, and domain experts can work seamlessly together.
3. Leverage Advanced Analytics Strategically:
AI-powered Automation: Automate repetitive tasks like data cleaning and feature engineering, freeing up data talent for higher-level analysis.
Right-Tool Selection: Strategically choose the most effective advanced analytics techniques (e.g., AI, ML) based on specific business problems.
4. Prioritize Data Quality with Automation:
Automated Data Validation: Implement automated data quality checks to identify and rectify errors at the source, minimizing downstream issues.
Data Lineage Tracking: Track the flow of data throughout the ecosystem, ensuring transparency and facilitating root cause analysis for errors.
5. Cultivate a Data-Driven Mindset:
Metrics-Driven Performance Management: Align KPIs and performance metrics with data-driven insights to ensure actionable decision making.
Data Storytelling Workshops: Equip stakeholders with the skills to translate complex data findings into compelling narratives that drive action.
Benefits of a Precise Ecosystem:
Sharpened Focus: Precise access and clear roles ensure everyone works with the most relevant data, maximizing efficiency.
Actionable Insights: Strategic analytics and automated quality checks lead to more reliable and actionable data insights.
Continuous Improvement: Data-driven performance management fosters a culture of learning and continuous improvement.
Sustainable Growth: Empowered by data, organizations can make informed decisions to drive sustainable growth and innovation.
By focusing on these precise actions, organizations can create an empowered data analytics ecosystem that delivers real value by driving data-driven decisions and maximizing the return on their data investment.
Adjusting primitives for graph : SHORT REPORT / NOTESSubhajit Sahu
Graph algorithms, like PageRank Compressed Sparse Row (CSR) is an adjacency-list based graph representation that is
Multiply with different modes (map)
1. Performance of sequential execution based vs OpenMP based vector multiply.
2. Comparing various launch configs for CUDA based vector multiply.
Sum with different storage types (reduce)
1. Performance of vector element sum using float vs bfloat16 as the storage type.
Sum with different modes (reduce)
1. Performance of sequential execution based vs OpenMP based vector element sum.
2. Performance of memcpy vs in-place based CUDA based vector element sum.
3. Comparing various launch configs for CUDA based vector element sum (memcpy).
4. Comparing various launch configs for CUDA based vector element sum (in-place).
Sum with in-place strategies of CUDA mode (reduce)
1. Comparing various launch configs for CUDA based vector element sum (in-place).
2. OUTLINE
• Objectives
• Introduction
• Concept of Probability distribution
• Discrete Probability Distribution
– Binomial distribution
– Poisson distribution
• Conclusion
3. OBJECTIVES
• At the end of this lecture students will have an
understanding of:
• The notion and types of probability distributions
• The concept of the Binomial and Poisson
distributions
• How to calculate the Binomial and Poisson
distributions
• How to apply the knowledge to interpret and solve
public health challenges
4. INTRODUCTION
• Everyday, we are faced with the task of making
decisions amidst uncertainties.
• Many health issues ranging from behavioural change
to health choices are shrewd with uncertainties and
possibility of several outcomes that affect decision
making.
• As we have seen in previous lectures. This is where
“Probability” a process which calculates the possible
outcomes of given events together with the outcomes’
relative likelihoods and distribution comes in.
5. INTRODUCTION
• Probability distributions bring probability theory into
practical use.
• Thereby enabling us understand how these possible
outcomes of a random variable are linked with the
likelihood of occurrence.
6. CONCEPT OF PROBABILITY DISTRIBUTION
• To understand the concept of probability distribution,
there’s need to understand that Random Variables are
variables whose values are as a result of the outcome
of a statistical experiment/study.
• A probability distribution is defined as a list of all of
the possible outcomes of a random variable along with
their corresponding probability values.
• It can be expressed as a table, graph or an equation
that links each possible value that a random variable
can assume with its probability of occurrence.
7. CONCEPT OF PROBABILITY DISTRIBUTION
• For example, The exercise of flipping a coin two times.
can have four possible outcomes: HH, HT, TH, and TT.
• Probability distributions can be identified as being a
discrete probability distribution or continuous
probability distribution.
8. DISCRETE PROBABILITY DISTRIBUTION
• Discrete Probability Distribution -This is a
distribution which describes the probability of
occurrence of each value of a discrete random
variable.
• In the previous example given on the exercise of
flipping a coin twice with four possible outcomes: HH,
HT, TH, and TT
• We use the variable X to represent the number of
heads that result from the coin flips. The variable X
can take on the values 0, 1, or 2; thus making X a
discrete random variable.
9. DISCRETE PROBABILITY DISTRIBUTION
• The table below shows the probabilities associated
with each possible value of X. The probability of
getting 0 heads is 0.25; 1 head, 0.50; and 2 heads,
0.25. Thus, making the table an example of a
probability distribution for a discrete random
variable.
Number of heads, x Probability, P(x)
0 0.25
1 0.50
2 0.25
10. DISCRETE PROBABILITY DISTRIBUTION
• For the purpose of the lecture, we’ll be considering
two types of discrete probability distribution. They
are;
– Binomial distribution
– Poisson distribution
• Binomial Distribution – This is a discrete probability
distribution in which there are two outcomes to a
trial (success of probability ‘p’ or failure ‘q’), which is
repeated ‘n’ times with each repetition being
independent.
• Therefore, if the probability of a success is (p), the
probability of failure is 1-p or q because p+q =1.
11. DISCRETE PROBABILITY DISTRIBUTION
• This is expressed mathematically as
• Pr(r) =
𝑛!
𝑛−𝑟 !𝑟!
pr (1-p)𝑛-r
• Where r is the number of success in the trials
• Where n is the number of trials
• Where p is the probability of success in each trial
Example
• It was observed in a health facility that when tetanus
affects newborn infants only 10% recover. In a
random sample of 5 affected newborns. What is the
probability that two such affected newborns will
12. DISCRETE PROBABILITY DISTRIBUTION
• Solution
Probability for two to recover will be
Given n = 5, r = 2
Pr(2) =
5!
5−2 !2!
(0.1)2 (1-0.1)5-2
n! = n (n-1)(n-2)....
Therefore
Pr(2) =
5𝑋4𝑋3𝑋2𝑋1
3𝑋2𝑋1 𝑋 (2𝑋1)
(0.1)2 (0.9)3
Pr(2) = 0.0729 or 7.3%
13. DISCRETE PROBABILITY DISTRIBUTION
• Classwork
What is the probability that
• i. None of such newborns will recover i.e. r = 0
• ii. At least four such newborns will recover i.e. r = 4 or
5
14. DISCRETE PROBABILITY DISTRIBUTION
• Poisson Distribution – This is a discrete probability
distribution of a number of events occurring in a fixed
period of time if these occur with known average rate
and are independent of the time since the last event.
• It occurs when there are events which do not occur
as outcomes of a definite number of trials but at
random points of time and space.
• It is sometimes referred to as an approximation to the
Binomial distribution when the probability of a
success ‘p’ is small and the number of trials ‘n’ is
large.
15. DISCRETE PROBABILITY DISTRIBUTION
• That is, ‘n’ the number of trials indefinitely large n ∞
• ‘p’ the constant probability of success for each trial
and is definitely small, that is given as p 0
• It is mathematically expressed as
Pr(r) =
𝑒−μ
μr
𝑟!
Where e (a constant) = 2.718,
r! = (r)(r-1)(r-2).....
μ = mean value (may be known or estimated by the
sample arithmetic mean)
16. DISCRETE PROBABILITY DISTRIBUTION
Example
• The number of deaths from neonatal tetanus cases
presenting in a clinic averages 4 per year. Assuming a
Poisson distribution is appropriate. What will be the
probability of 6 deaths due to neonatal tetanus cases
presenting at same clinic yearly;
• Solution
• r= 6
• μ= 4
• Pr(6) =
𝑒−4
0.0046
6!
18. DISCRETE PROBABILITY DISTRIBUTION
• Classwork
In a large survey of 100,000 births in country A. It was
observed that the incidence rate of a known fatal
condition is 412 per 100,000. In a random sample of 50
births from this population. What is the probability that
• i. No fatal case is found
• ii. There were two or more fatal cases.