- Max.Likelihood
- Bernoulli Equation
- Poisson Probability
- Normal distribution
- Gaussian distribution
- The central limit theorem
- Pearson Correlation Coefficient
http://courses.mai.liu.se/GU/TAMS28/Tentor/TAMS28-2014-08-20-solutions.pdf Example: A large freight elevator can transport a maximum of 9800 kg. Suppose a load of cargo containing 49 boxes must be transported via the elevator. If we know that the weight of a box of this type follows a distribution with mean µ = 205 kg and standard deviation σ = 15 kg. Based on this information, what is the probability that all 49 boxes can be safely loaded onto the elevator and transported?
Solution: Let {X1, . . . , X49} be the weights of these 49 boxes. In order to make sure that all 49 boxes can be safely loaded onto the elevator and transported, it is required that X1 + . . . + X49 ≤ 9800. Therefore we aim to find the probability P(X1 + . . . + X49 ≤ 9800)