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Normal-Distribution-and-Exponential-Distribution (1) QT

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AADIL JABBAR
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42 views

Normal-Distribution-and-Exponential-Distribution (1) QT

Uploaded by

AADIL JABBAR
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Normal

Distribution and
Exponential
Distribution
Probability distributions are mathematical functions that
describe the likelihood of different outcomes in a sample or
population. Two key distributions are the Normal Distribution
and the Exponential Distribution, each with unique
characteristics and applications.
Adil Jabar Mir(23/AE/77)
Sarthak Gupta (23/AE/78)
Gina Milingsawo (23/AE/79)
Introduction to
Probability
Distributions
1 Understanding 2 Statistical Analysis
Randomness
Distributions provide a
Probability framework for
distributions model analyzing and
random variables and interpreting data,
help us understand making inferences,
the likely outcomes in and drawing
uncertain situations. conclusions.

3 Modeling Complex Phenomena

Distributions can capture the inherent variability and


patterns in natural, social, and engineering systems.
Normal Distribution: Key
Characteristics

1 Bell-Shaped Curve

The Normal Distribution is symmetric and bell-


shaped, with the highest probability at the mean.

2 Parameters

It is defined by two parameters: the mean (μ) and


the standard deviation (σ).

3 Empirical Rule

Approximately 68%, 95%, and 99.7% of values fall


within 1, 2, and 3 standard deviations of the mean,
respectively.
Normal Distribution: Applications
Quality Control Measurement and Testing Finance and Economics

Monitoring production Analyzing test scores, survey Modeling stock returns,


processes and setting control responses, and other measured economic indicators, and other
limits based on the Normal data that follow a Normal financial variables that exhibit
Distribution. Distribution. Normal behavior.
Exponential Distribution:
Key Characteristics

1 Continuous Distribution

The Exponential Distribution is a continuous


probability distribution that models the time
between events.

2 Memoryless Property

The probability of an event occurring does not


depend on the time since the last event.

3 Single Parameter

The Exponential Distribution is defined by a single


parameter, the rate (λ) of the events.
Exponential Distribution: Applications
Reliability Engineering Queuing Theory Radioactive Decay

Modeling the time to failure of Describing the arrival and Modeling the random,
components and systems, such service times in queuing exponential decay of
as electronic devices or systems, like customer arrivals radioactive materials, which is
mechanical parts. at a bank or call center. a key concept in nuclear
physics.
Comparing Normal and
Exponential Distributions
Shape Parameters

Normal Distribution is Normal has two parameters


symmetric and bell-shaped, (mean and standard
while Exponential deviation), while
Distribution is right-skewed Exponential has one
and decays exponentially. parameter (rate).

Applications Memoryless

Normal is used for Exponential Distribution has


continuous variables, while the memoryless property,
Exponential models discrete unlike the Normal
events and waiting times. Distribution.
Conclusion and Key Takeaways

1 Importance of 2 Differences Between


Distributions Normal and
Exponential
Probability distributions The Normal and
are fundamental tools for Exponential Distributions
modeling, analyzing, and have distinct
understanding diverse characteristics and are
real-world phenomena. applicable to different
types of problems.

3 Continuous vs. Discrete

Understanding the continuous nature of the Normal


Distribution and the discrete nature of the Exponential
Distribution is crucial.

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