Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Answer each question with a minimum of 40 words per question: "The Poisson distribution can be a reasonable approximation of the binomial distribution." Explain why this may/may not be true. Describe...

1 answer below »
Answer each question with a minimum of 40 words per question:
  1. "The Poisson distribution can be a reasonable approximation of the binomial distribution." Explain why this may/may not be true.
  1. Describe what is meant by a binomial experiment. How do binomial experiments apply to each of the four probability distributions; 1) binomial distribution, 2) geometric distribution, 3) hypergeometric distribution and 4) poisson distribution?
  1. Explain the concept and application of uniform distribution.
  1. What is the concept of normal distribution and analyze why it is a widely used probability distribution.
  1. Suppose you have some data gathered from a repeated experiment. If you want to make inferences about the data collected, and knowing that it is highly unlikely that a density function will provide a perfect representation of the data, how important is it to choose a correct probability density model? Should you be concerned about the likelihood that it is highly unlikely that a density function will provide a perfect representation of the data?
  1. Describe the importance of Tchebysheff's Theorem to the ability to find bounds of probability.

Document Preview:

Answer each question with a minimum of 40 words per question: "The Poisson distribution can be a reasonable approximation of the binomial distribution." Explain why this may/may not be true. Describe what is meant by a binomial experiment. How do binomial experiments apply to each of the four probability distributions; 1) binomial distribution, 2) geometric distribution, 3) hypergeometric distribution and 4) poisson distribution? Explain the concept and application of uniform distribution. What is the concept of normal distribution and analyze why it is a widely used probability distribution. Suppose you have some data gathered from a repeated experiment. If you want to make inferences about the data collected, and knowing that it is highly unlikely that a density function will provide a perfect representation of the data, how important is it to choose a correct probability density model? Should you be concerned about the likelihood that it is highly unlikely that a density function will provide a perfect representation of the data? Describe the importance of Tchebysheff's Theorem to the ability to find bounds of probability.

Answered Same Day Dec 21, 2021

Solution

David answered on Dec 21 2021
123 Votes
Answer each question with a minimum of 40 words per question:
• "The Poisson distribution can be a reasonable approximation of the binomial
distribution." Explain why this may/may not be true.
Answer: Yes, the poisson distribution is the reasonable approximation of the binomial
distribution. If the probability p is so small that the function has significant value only for
very small x, then the distribution of events can be approximated by the Poisson distribution.
Under these conditions it is a reasonable approximation of the exact binomial distribution of
events.
• Describe what is meant by a binomial experiment. How do binomial experiments apply to
each of the four probability distributions; 1) binomial distribution, 2) geometric
distribution, 3) hypergeometric distribution and 4) poisson distribution?
Answer: A study that independently draws from the Bemoulli population to create a
sequence of trials is known as binomial experimnet.
A binomial random variable is the number of successes x in n repeated trials of a binomial
experiment. The probability distribution of a binomial random variable is called a binomial
distribution (also known as a Bernoulli distribution).
In the above situation, a geometric random variable x is defined as x = the number of
experiments until the first success occurs (including the success). The probability...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here