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Probability Distributions - Types of Theoretical distributions | 12th Business Maths and Statistics : Chapter 7 : Probability Distributions

Chapter: 12th Business Maths and Statistics : Chapter 7 : Probability Distributions

Types of Theoretical distributions

The following are the two types of Theoretical distributions : 1. Discrete distribution 2. Continous distribution

Distribution

The following are the two types of Theoretical distributions :

1. Discrete distribution  2. Continous distribution


Discrete distribution

The binomial and Poisson distributions are the most useful theoretical distributions for discrete variables.

 

Continuous distribtuion

The binomial and Poisson distributions discussed in the previous chapters are the most useful theoretical distributions for discrete variables. In order to have mathematical distributions suitable for dealing with quantities whose magnitudes vary continuously like weight, heights of individual, a continuous distribution is needed. Normal distribution is one of the most widely used continuous distribution.

Normal distribution is the most important and powerful of all the distribution in statistics. It was first introduced by De Moivre in 1733 in the development of probability. Laplace (1749-1827) and Gauss (1827-1855) were also associated with the development of Normal distribution.


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