Frequently Asked Questions on Probability for Data Scientist Interviews.
Question 1: What is the difference between probability and likelihood?
Answer:
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Probability refers to the measure of the likelihood that an event will occur. It is a value between 0 and 1, where 0 indicates impossibility, and 1 indicates certainty. For a discrete random variable
, the probability of a specific outcome is denoted as . -
Likelihood is a concept used in statistical inference. It measures the support provided by the data for each possible value of the parameter. For a given parameter
and observed data , the likelihood is , which is often expressed as the probability of the observed data given the parameter, .
Question 2: Explain Bayes' Theorem.
Answer: Bayes' Theorem is a fundamental concept in probability theory and statistics that describes the probability of an event based on prior knowledge of related conditions. It is expressed as:
Where:
-
is the posterior probability of event given event . -
is the likelihood of event given event . -
is the prior probability of event . -
is the marginal probability of event .
Question 3: What are independent and mutually exclusive events?
Answer:
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Independent Events: Two events are independent if the occurrence of one does not affect the probability of the other. Mathematically,
. -
Mutually Exclusive Events: Two events are mutually exclusive if they cannot occur simultaneously. For mutually exclusive events,
.
Question 4: Define conditional probability.
Answer: Conditional probability is the probability of an event occurring given that another event has already occurred. It is denoted as
provided that
Question 5: What is a random variable?
Answer: A random variable is a variable that takes on different values based on the outcomes of a random experiment. There are two types of random variables:
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Discrete Random Variable: Takes on a finite or countable number of possible outcomes. For example, the roll of a die.
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Continuous Random Variable: Takes on an infinite number of possible values within a given range. For example, the height of people.
Question 6: Explain the Central Limit Theorem.
Answer: The Central Limit Theorem (CLT) states that the distribution of the sum (or average) of a large number of independent, identically distributed (i.i.d.) random variables approaches a normal distribution, regardless of the original distribution of the variables. Formally, if
approaches a standard normal distribution as
Question 7: What is the Law of Large Numbers?
Answer: The Law of Large Numbers (LLN) states that as the size of a sample increases, the sample mean will get closer to the expected value (mean) of the population from which the sample is drawn. Formally, if
Question 8: What is a probability distribution?
Answer: A probability distribution describes how the values of a random variable are distributed. It provides the probabilities of occurrence of different possible outcomes. There are two types of probability distributions:
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Discrete Probability Distribution: For discrete random variables, e.g., Binomial distribution.
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Continuous Probability Distribution: For continuous random variables, e.g., Normal distribution.
Question 9: Explain the difference between a probability density function (PDF) and a cumulative distribution function (CDF).
Answer:
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Probability Density Function (PDF): For a continuous random variable, the PDF describes the likelihood of the random variable taking on a specific value. The total area under the PDF curve is 1.
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Cumulative Distribution Function (CDF): The CDF represents the probability that a random variable will take a value less than or equal to a specific value. It is expressed as:
for a random variable
To Be Continued in Part 2...
In the next part, we will cover frequently asked questions on statistics, including concepts like hypothesis testing, confidence intervals, regression analysis, and more. Stay tuned!
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