CA2.4 Concepts Assignment Segment – Continuous Random Variables and Probability Distributions

CA2.4 Concepts Assignment Segment – Continuous Random Variables and Probability Distributions

  1. Define in your own words what a continuous random variable is? Think of 3-5 things that are continuous variables? Think of 3-5 things that are discrete variables?

  2. What is the probability density function?

  3. What is a cumulative distribution function?

CA2.4 Concepts Assignment Segment – Continuous Random Variables and Probability Distributions

Describe for the distributions below a) What they model? and, b) What the given elements are for each (i.e. event, sample, conditional/independent)? c) Then provide one example from your field* of how they could be applied (you may use sources to aid you but must have more than one, you may not quote them, and you must cite them):

4. Normal
5. Exponential
6. Gamma
7. Weibull
8. Lognormal
9. Beta

SAMPLE ASSIGNMENT
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