Daily Quiz 1
Table of contents
Quiz Topics
QA 1. Fundamentals of Probability: LOs
a) Describe independent events and mutually exclusive events.
b) Explain the difference between independent events and conditionally independent events.
c) Calculate the probability of an event for a discrete probability function.
d) Define and calculate a conditional probability.
e) Distinguish between conditional and unconditional probabilities.
f) Explain and apply Bayes’ rule.
QA 2. Random Variables: LOs
a) Describe and distinguish a probability mass function from a cumulative distribution function and explain the relationship between these two.
b) Understand and apply the concept of a mathematical expectation of a random variable.
c) Describe the four common population moments.
d) Explain the differences between a probability mass function and a probability density function.
e) Characterize the quantile function and quantile-based estimators.
f) Explain the effect of a linear transformation of a random variable on the mean, variance, standard deviation, skewness, kurtosis, median and interquartile range.