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P(c ≤ X ≤ d)

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Intro to Business Statistics

Definition

P(c ≤ X ≤ d) represents the probability that a random variable X falls within a specific range, from value c to value d. This concept is particularly relevant in understanding distributions, where the likelihood of outcomes can be measured over an interval. In the context of the uniform distribution, this probability is calculated by determining the length of the interval between c and d and dividing it by the total length of the distribution's support, highlighting how uniform probabilities are consistent across the defined range.

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5 Must Know Facts For Your Next Test

  1. For a uniform distribution defined on the interval [a, b], P(c ≤ X ≤ d) can be calculated as (d - c) / (b - a), provided c and d are within the interval.
  2. The total area under the probability density function for a uniform distribution equals 1, representing the total probability of all possible outcomes.
  3. If c and d fall outside the interval [a, b], P(c ≤ X ≤ d) equals 0 since the event cannot occur.
  4. The uniform distribution is characterized by its constant probability density across its range, meaning that every outcome within this range is equally likely.
  5. The use of P(c ≤ X ≤ d) in real-world scenarios includes applications in fields like quality control, risk assessment, and any situation where outcomes are evenly distributed.

Review Questions

  • How do you calculate P(c ≤ X ≤ d) for a uniform distribution and what does this calculation signify?
    • To calculate P(c ≤ X ≤ d) for a uniform distribution, you use the formula (d - c) / (b - a), where [a, b] is the interval of the uniform distribution. This calculation signifies the proportion of the total range that lies within the specified bounds of c and d. It reflects how likely it is for the random variable X to take on values within that specific interval.
  • What implications does P(c ≤ X ≤ d) have in terms of understanding probabilities in uniform distributions compared to other types of distributions?
    • P(c ≤ X ≤ d) emphasizes how uniform distributions treat all outcomes equally, which contrasts with other distributions where probabilities can vary significantly across different values. In other distributions, certain intervals may have much higher or lower probabilities due to skewness or peaks in their probability density functions. Understanding this helps to clarify why probabilities can be different depending on the type of distribution being used.
  • Evaluate how P(c ≤ X ≤ d) can impact decision-making in fields such as quality control or risk management.
    • In fields like quality control or risk management, P(c ≤ X ≤ d) serves as a vital tool for evaluating probabilities associated with product characteristics or risk factors. By accurately calculating this probability, decision-makers can assess whether certain outcomes fall within acceptable limits or thresholds. This analysis directly influences strategies for maintaining quality standards or mitigating risks by identifying ranges that need monitoring or intervention based on their likelihood of occurrence.

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