Probability Calculator:
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This calculator computes probabilities for various statistical distributions including normal, binomial, and Poisson distributions. It helps in determining the likelihood of events occurring under given parameters.
Normal Distribution: Continuous probability distribution characterized by bell-shaped curve.
Binomial Distribution: Discrete probability distribution of successes in n independent trials.
Poisson Distribution: Discrete probability distribution expressing probability of given number of events occurring in fixed interval.
Steps:
Uses: Statistical analysis, quality control, risk assessment, scientific research, and decision making under uncertainty.
Q1: What's the difference between normal and binomial distributions?
A: Normal is continuous, binomial is discrete. Normal describes continuous data, binomial counts successes in trials.
Q2: When should I use Poisson distribution?
A: When modeling rare events occurring independently with known average rate (e.g., calls to call center, radioactive decay).
Q3: What does probability of 0.5 mean?
A: 50% chance of the event occurring (or 1 in 2 chance).
Q4: Can probability be greater than 1?
A: No, probabilities range from 0 (impossible) to 1 (certain).
Q5: How accurate are these calculations?
A: The calculations are mathematically exact for the given parameters, though real-world applications may have additional complexities.