Introduction to Stochastic Processes and Basic
Probability Concepts UPDATED ACTUAL
Questions and CORRECT Answers
What is a stochastic process? A stochastic process can be analyzed statistically.
What is empirical probability based Experiments, not a mathematical model.
on?
What is a mathematical model for It is based on a sample space that is equiprobable.
theoretical probability?
What does a t-test compare? Means (averages) of two groups.
What is the binomial distribution For either a fixed number of trials or two outcomes
used for? per trial (success/failure).
In a normal distribution, what is Mean, median, and mode.
equal?
What does the probability mass Gives the probability that a discrete variable is
function do? equal to a specified value.
Probability Concepts UPDATED ACTUAL
Questions and CORRECT Answers
What is a stochastic process? A stochastic process can be analyzed statistically.
What is empirical probability based Experiments, not a mathematical model.
on?
What is a mathematical model for It is based on a sample space that is equiprobable.
theoretical probability?
What does a t-test compare? Means (averages) of two groups.
What is the binomial distribution For either a fixed number of trials or two outcomes
used for? per trial (success/failure).
In a normal distribution, what is Mean, median, and mode.
equal?
What does the probability mass Gives the probability that a discrete variable is
function do? equal to a specified value.
