Suppose that we are playing "heads or tails" with someone and we are to give him 1TL for each flip of a coin and he will pay us back 3TL if he flips a tail, and we pay 1TL if he flips a head. We willI, thus win 2TL if he flips a tail, and lose 2TL if he flips a head. Since our expectation on the average is this game is game. Lütfen birini seçin: O a. 1TL, not an equitable O b. OTL , an equitable O c. 1.5TL, an equitable O d. 1TL, an equitable O e. 0.5TI, an equitable
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
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