Skew, Probability & Linear Coding

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Formula for positive skew

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1

Formula for positive skew

mode<median<mean

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2

Formula for no skew

mode=median=mean

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3

Formula for negative skew

mode>median>mean

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4

How is the mean affected by linear coding?

Adding: old mean + x

Multiplying: old mean * x

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5

How is the standard deviation affected by linear coding?

Adding: sd is unchanged

Multiplying: old sd * x

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6

What is the addition rule?

Tests for ME events

P (A or B) = P(A) + P(B) - P(A and B)

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7

What is the test for independence?

P(A and B) = P(A) * P(B)

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8

What is the formula for conditional probability?

P(A given B) = P(A and B)/P(B)

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9

What is the formula for V(X) in a rectangular distribution?

1/12 * (b-a)²

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