Reply To: Probability distribution and its graph
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A probability distribution of an event is a mathematical function which consists of all the possible values that can be the outcome of that event.
For eg. When we roll a dice , probability of getting a number from 1 to 6 is 0.17 each.
The values other than those between 1 to 6 are impossible in this event . So we can say that probability distribution function is:
P(n) = 1/N
Where n = values that can occur ;
n can be 1 to 6 only! And N = elements in event i.e.6!
· While the distribution function gives us an idea of the probability of values that an event can take, graph associated with it helps us visualize the likelihood of occurrence of different values that can be there in an event.
· The shape of the distribution curve is given a lot of importance as it is used to analyze the dataset’s properties and solve business problems.