INDIAN ACTUARY
Showing posts with label Statistics. Show all posts
Showing posts with label Statistics. Show all posts
Saturday, 12 November 2011

Binomial Approximation

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A Bin(n,p) distribution is the sum of n Bernoulli variables, so the Central Limit Theorem says that it will approximate to a Normal distri...

Memoryless Property

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Basically it means the distribution doesn't know where it is on the curve. Formally P(X > a | X > a-b) = P(X > b) The only d...

Hypothesis Testing

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Suppose our null hypothesis is that the mean age of students = 22 and our alternative hypothesis is that the mean age is not equal to 22. ...

Negative Binomial Distribution

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Differences between Type I and Type II Negative Binomial Distribution and how to identify which is it? Type 1 counts the number of trials...
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