Prior Probability
Prior Probability as the name suggests refers to assigning the probability of an event before the happening of a dependent event that makes us make changes in the Prior Probability. Let’s say we assign Probability P(A) to event A before taking into account that event B has also happened. After B has happened we need to revise P(A) using Baye’s Theorem. Hence, here P(A) is the Prior Probability. If we predict that a particular observation will fall into a particular category before collecting all the observations, then this is also called Prior Probability.
Probability Distribution – Function, Formula, Table
A probability distribution is an idealized frequency distribution. In statistics, a frequency distribution represents the number of occurrences of different outcomes in a dataset. It shows how often each different value appears within a dataset.
Probability distribution represents an abstract representation of the frequency distribution. While a frequency distribution pertains to a particular sample or dataset, detailing how often each potential value of a variable appears within it, the occurrence of each value in the sample is dictated by its probability.
A probability distribution, not only shows the frequencies of different outcomes but also assigns probabilities to each outcome. These probabilities indicate the likelihood of each outcome occurring.
In this article, we will learn what is probability distribution, types of probability distribution, probability distribution function, and formulas.
Table of Content
- What is Probability Distribution?
- Probability Distribution Definition
- Random Variables
- Random Variable Definition
- Types of Random Variables in Probability Distribution
- Probability Distribution of a Random Variable
- Probability Distribution Formulas
- Expectation (Mean) and Variance of a Random Variable
- Expectation
- Variance
- Different Types of Probability Distributions
- Discrete Probability Distributions
- Bernoulli Trials and Binomial Distributions
- Binomial Distribution
- Cumulative Probability Distribution
- Probability Distribution Function
- Probability Distribution Table
- Prior Probability
- Posterior Probability
- Solved Questions on Probability Distribution