Exploring Stochastic Environments: Understanding Randomness in Probability Distributions

Dec 25, 2024

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Delve into stochastic environments where randomness plays a key role. Learn about probability distributions like Normal, Exponential, Poisson, Binomial, and more. Discover the meaning of randomness and the ever-changing rules.

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Exploring Stochastic Environments: Understanding Randomness in Probability Distributions

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Stochastic environment • Environments are drawn randomly from a probability distribution • Sometimes the probability rules themselves change
SOME Probability distributions • Normal • Exponential • Poisson • Binomial • Discrete uniform • Continuous uniform • Discrete non-uniform • Markov process
What does random mean? • An equal chance of being selected? • NO!!!!!!!

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