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Stat Assignment 5

The document discusses 5 probability distributions: 1. The t-distribution, which is used for small sample sizes and has fatter tails than the normal distribution. 2. The log-normal distribution, which is used to model positive values like stock prices and has a skewed right shape. 3. The Beta distribution, which models values between 0 and 1 and has shape determined by its two parameters. 4. The F distribution, used in ANOVA to compare variances between groups and becomes more symmetric with higher degrees of freedom. 5. The Gamma distribution, used for modeling waiting times and lifetimes, with central tendency influenced by its shape and rate/scale parameters.

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akaotaku03
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25 views

Stat Assignment 5

The document discusses 5 probability distributions: 1. The t-distribution, which is used for small sample sizes and has fatter tails than the normal distribution. 2. The log-normal distribution, which is used to model positive values like stock prices and has a skewed right shape. 3. The Beta distribution, which models values between 0 and 1 and has shape determined by its two parameters. 4. The F distribution, used in ANOVA to compare variances between groups and becomes more symmetric with higher degrees of freedom. 5. The Gamma distribution, used for modeling waiting times and lifetimes, with central tendency influenced by its shape and rate/scale parameters.

Uploaded by

akaotaku03
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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1.

Student distribution
➔ Notation and parameters
It’s referred to as the t-distribution, characterized by a parameter known as degrees of
freedom, symbolized by ν.
𝑣>0
PDF and CDF
➔ Model
The t-distribution is used in statistical analysis when we have a small sample size. It
helps in comparing the averages of small samples, estimating the average of a normally
distributed group when we don’t know the standard deviation, and in linear regression
analysis. It’s also used to determine the significance of the difference between two
sample averages and to create confidence intervals for the difference between two
population averages.
➔ Properties
Central Tendency: The mean is 0 for all degrees of freedom greater than
Deviation Values: The tails of the distribution are fatter than the normal distribution,
making it more robust against outliers.

2. Log-normal distribution
➔ Notation and parameters
There isn't a single-parameter notation for this; the parameters include the mean and
standard deviation of the related normal distribution.​
➔ PDF and CDF
➔ Model
This distribution is commonly used to model the distribution of stock prices, biological
measurements, and other phenomena where values are positive and multiplicative.
➔ Properties
μ
Central Tendency: The median is 𝑒 , and the mean is higher due to the skewness.
Deviation Values: The distribution is highly skewed to the right.

3. Beta distribution​
➔ Notation and parameters
Denoted as Beta(α ,β)Beta(α,β) with shape parameters α and β controlling the shape of
the distribution.​
α > 0 shape (real) ​β > 0 shape (real)​
➔ PDF and CDF

➔ Model
The Beta distribution is often used to model the distribution of random variables
constrained to intervals, such as proportions and probabilities.
➔ Properties
Central Tendency is determined by α and β.
➔ Deviation Values: depends on the shape parameters and tends to decrease as both
parameters increase.​

4. F distribution​
➔ Notation and parameters
Denoted as F distribution with two sets of degrees of freedom parameters.​
d1, d2 > 0 deg. of freedom​
➔ PDF and CDF

➔ Model
The F distribution is commonly used in statistical tests, such as ANOVA, to compare
variances of different groups.
➔ Properties
Central tendency is influenced by the degrees of freedom. As degrees of freedom increase, the
distribution becomes more symmetric.​

5. Gamma distribution​
➔ Notation and parameters
Denoted as Gamma(α,β)Gamma(α,β) with shape parameter α and rate parameter β or
scale parameter θ=1/β.​
k > 0 shape α > 0 shape ​
θ > 0 scale β > 0 rate​
➔ PDF and CDF

➔ Model
Used in modeling waiting times, such as the time until a radioactive decay, service time
in queuing theory, and in reliability analysis for modeling lifetimes of certain products.​
➔ Properties
Central tendency is influenced by shape and rate/scale parameters. As shape parameter
increases, the distribution becomes more skewed.​

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