Probability Distribution Calculator
The probability distribution calculator is designed to determine the mean, standard deviation, and variance of a distribution.
How to Use the Probability Distribution Calculator?
- First, enter the probabilities and values of a distribution. You can input up to 10 outcome values.
- Make sure the probabilities must add up to 1.
- After entering all the required values, press the 'Calculate' button.
- Finally, the tool returns the mean, standard deviation, and variance results associated with the probability distribution.
How to Calculate?
To find the mean, variance, and standard deviation, use the following formulas:
Mean (μ) = ∑ ( k · P(x) )
Variance (σ2) = ∑ ( k2 · P(x) ) - μ2
Standard Deviation (σ) = |
√σ2 |
Where,
k = Outcome Value,
P(x) = Probability of Outcome.