What properties need to be satisfied in order for a table/function to be considered a valid probability distribution?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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What properties need to be satisfied in order for a table/function to be considered a valid probability distribution?
Transcribed Image Text:What properties need to be satisfied in order for a table/function to be considered a valid probability distribution?
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Probability distribution arise when we need to quantify uncertainty associated with several events of interest.

Probabilities have origin from the percentage point of view, suppose we are concerned about rainfall in a certain region, and we want to know what percentage of times, the rainfall will occur in a year.

And then, we can answer what should be the probability that it will rain today.

So, due to the interpretation of probability in real life scenarios, we formulate probability as non-negative values.

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