Scribd
Upload
13 views

Introduction To Probability Distributions

Statistics project

Uploaded by

vivekwakchaure12220067
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
13 views

Introduction To Probability Distributions

Statistics project

Uploaded by

vivekwakchaure12220067
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 8

Introduction to

Probability
Distributions
Probability distributions are mathematical functions that provide
the probabilities of occurrence of different possible outcomes.
They are used to model random variables in various fields such
as finance, science, and engineering.

Va
by Vivek Wakchaure
Uniform Distribution and Its Applications

Characteristics of Uniform Distribution


Use in Gaming and Simulations
The uniform distribution represents a set of Uniform distribution is vital in game
outcomes where each possible result is development and simulations, ensuring
equally likely. It's commonly used in scenarios fairness in outcomes and unbiased
such as random number generation and randomization.
simulations.
Exponential Distribution and Its Applicati
Key Features of Reliability Engineering Queuing Theory
Exponential
Distribution Exponential distribution is It's utilized to study waiting
The exponential distribution employed to model the and arrival times, providing
describes the time between reliability of components insights into the behavior of
events in a Poisson process. and systems, estimating systems and service levels.
It's widely used in areas the time until failure.
such as reliability
engineering and queuing
theory.
Normal Distribution and Its Applications
1 Characteristics 2 Statistical Analysis 3 Financial Modeling
of Normal
It's widely used in Normal distribution is
Distribution
Normal distribution, statistical studies, applied in finance for
also known as including hypothesis risk management,
Gaussian distribution, testing, confidence assessing asset prices,
is symmetrical and intervals, and and portfolio
bell-shaped, with most regression analysis. management.
data clustered around
the mean.
Comparison of the Three Distributions
Uniform Distribution Exponential Distribution Normal Distribution

Equal likelihood of outcomes Models time between events Bell-shaped, symmetrical

Used in gaming and Applied in reliability Utilized in statistical


simulations engineering analysis and finance
Real-World Examples of the
Use of these Distributions
Risk Assessment Waiting Times
Insurance companies use normal Exponential distribution aids in
distribution for risk assessment analyzing waiting times at service
and pricing policies. centers and call centers.

Random Number Generation


Uniform distribution is employed in cryptography for secure and unbiased
random number generation.
Limitations and Assumptions of
Each Distribution

1 Uniform Distribution2 Exponential 3 Normal Distribution


Distribution
Assumes all outcomes Assumes data follow a
are equally likely, It assumes a constant symmetrical and bell-
which may not reflect rate of occurrence, shaped pattern, which
real-world situations which may not hold is not always the case.
accurately. true in dynamic
systems.
Conclusion and Future Directions

Understanding Advanced Modeling Emerging Fields


Diverse Techniques and Innovation
Applications
Appreciate the broad range Explore advanced Recognize the potential for
of real-world applications statistical models and leveraging these
where probability machine learning distributions in emerging
distributions play a critical algorithms built on these fields such as AI, IoT, and
role. foundational distributions. data science.

You might also like