Page 66 - FINAL CFA SLIDES DECEMBER 2018 DAY 3
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Session Unit 3:
10. Common Probability Distributions
LOS 10.a: Define a probability distribution and distinguish between discrete and
continuous random variables and their probability functions, p215
LOS 10.b: Describe the set of possible outcomes of a specified discrete random variable.
2 properties of a probability function: 0 ≤ p(x) ≤ 1; and ∑p(x) = 1,
B. For a continuous distribution p(x) = 0 for all X; only
ranges of value of X have positive probabilities.
