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Population and Samples
• Population is a set of all items that posses a certain characteristic of
interest.
– Example: Suppose our objective is to determine the average weight of
cans of brand A soup processed by our company for the month of July.
The population in this case is the set of all cans of brand A soup that
are produced in the month of July (say 50,000). Other brands of soup
made during this month are not of interest, only the population brand A
soup cans.
• A sample is a subset of a population.
– Consider our brand A soup. To save ourselves the cost and effort of
weighing 50,000 cans, we randomly select a sample of 500 cans of
brand A soup from the July output.
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Population Vs. Sample
• Results from a sample are used to assess the nature of the population.
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Sample Average and Variance
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Standard Deviation of Data
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Attribute (Discrete) and Variable (Continuous) Data
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Examples of Discrete and Continuous
Distributions
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Example of Discrete Distribution: Binomial Distribution
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Example of Continuous Distribution
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Uniform Distribution for the Example
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Different Probability Distribution Models
• Discrete distributions
– Binomial distribution
– Poisson distribution
• Continuous distributions
– Normal distribution
– Lognormal distribution
– Exponential distribution
– Weibull distribution
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Mean of the Distribution
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Physical Significance of Mean
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Variance of the Distribution
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Standard Deviation
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