• Title/Summary/Keyword: probability distribution

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An Investigation on the Effect of Utility Variance on Choice Probability without Assumptions on the Specific Forms of Probability Distributions (특정한 확률분포를 가정하지 않는 경우에 효용의 분산이 제품선택확률에 미치는 영향에 대한 연구)

  • Won, Jee-Sung
    • Korean Management Science Review
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    • v.28 no.1
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    • pp.159-167
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    • 2011
  • The theory of random utility maximization (RUM) defines the probability of an alternative being chosen as the probability of its utility being perceived as higher than those of all the other competing alternatives in the choice set (Marschak 1960). According to this theory, consumers perceive the utility of an alternative not as a constant but as a probability distribution. Over the last two decades, there have been an increasing number of studies on the effect of utility variance on choice probability. The common result of the previous studies is that as the utility variance increases, the effect of the mean value of the utility (the deterministic component of the utility) on choice probability is reduced. This study provides a theoretical investigation on the effect of utility variance on choice probability without any assumptions on the specific forms of probability distributions. This study suggests that without assumptions of the probability distribution functions, firms cannot apply the marketing strategy of maximizing choice probability (or market share), but can only adopt the strategy of maximizing the minimum or maximum value of the expected choice probability. This study applies the Chebyshef inequality and shows how the changes in utility variances affect the maximum of minimum of choice probabilities and provides managerial implications.

An Analysis of the 8th Grade Probability Curriculum in Accordance with the Distribution Concepts (분포 개념의 연계성 목표 관점에 따른 중학교 확률 단원 분석)

  • Lee, Young-Ha;Huh, Ji-Young
    • Journal of Educational Research in Mathematics
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    • v.20 no.2
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    • pp.163-183
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    • 2010
  • It has long been of controversy what the meanings of probability is. And a century has past after the mathematical probability has been at the center of the school curriculum of it. Recently statistical meaning of probability becomes important for various reasons. However the simple modification of its definition is not enough. The computational reasoning of the probability and its practical application needs didactical changes and new instructional transformations along with the modification of it. Most of the current text books introduce probability as a limit of the relative frequencies, a statistical probability. But when the probability computation of the union of two events, or of the simultaneous events is faced on, they use mathematical probability for explanation and practices. Accordingly there is a gap for students in understanding those. Probability is an intuitive concept as far as it belongs to the domain of the experiential frequency. And frequency distribution must be the instructional bases for the (statistical) probability novices. This is what we mean by the probability in accordance with the distribution concepts. First of all, in order to explain the probability of the complementary event we should explain the empirical relative frequency of it first. These are the case for the union of two events and for the simultaneous events. Moreover we need to provide a logic of probabilistic guesses, inferences and decision, which we introduce with the name “the likelihood principle”, the most famous statistical principle. We emphasized this be done through the problems of practical decision making.

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The Role of the Cauchy Probability Distribution in a Continuous Taboo Search (연속형 타부 탐색에서 코시 확률 분포의 역할)

  • Lee, Chang-Yong;Lee, Dong-Ju
    • Journal of KIISE:Software and Applications
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    • v.37 no.8
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    • pp.591-598
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    • 2010
  • In this study, we propose a new method for generating candidate solutions based on the Cauchy probability distribution in order to complement the shortcoming of the solutions generated by the normal distribution. The Cauchy probability distribution has infinite mean and variance, and it has rather large probability in the tail region relative to the normal distribution. Thus, the Cauchy distribution can yield higher probabilities of generating candidate solutions of large-varied variables, which in turn has an advantage of searching wider area of variable space. In order to compare and analyze the performance of the proposed method against the conventional method, we carried out an experiment using benchmarking problems of real valued function. From the result of the experiment, we found that the proposed method based on the Cauchy distribution outperformed the conventional one for all benchmarking problems, and verified its superiority by the statistical hypothesis test.

A Derivation of Rainfall Intensity-Duration-Frequency Relationship for the Design of Urban Drainage System in Korea (우리나라 도시배수시스템 설계를 위한 확률강우강도식의 유도)

  • Lee, Jae-Jun;Lee, Jeong-Sik
    • Journal of Korea Water Resources Association
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    • v.32 no.4
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    • pp.403-415
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    • 1999
  • This study is to derive the rainfall intensity formula based on the representative probability distribution in Korea. The 11 probability distributions which has been widely used in hydrologic frequency analysis are applied to the annual maximum rainfall. The parameters of each probability distribution are estimated by method of moments, maximum likelihood method and method of probability weighted moments. Four tests such as $x^2$-test, Kolmogorv-Smirnov test, difference test and modified difference test are used to determine the goodness of fit of the distributions. The homogeneous tests (Mann-Whitney U test, Kruskal-Wallis one-way analysis of variance of nonparametric test) are applied to find the stations with rainfall homogeneity. The results of homogeneous tests show that there is no representative appropriate distribution for the whole duration in Korea. The whole region could be divided into five zones for 12-durations. The representative probability distribution of each divided zone for 12-durations was determined. The GEV distribution for I,II,V zones and the 3-parameter Weibull distribution for III,IV zones were determined as the representative probability distribution. The rainfall were obtained from representative probability distribution for the selected return periods. Rainfall intensity formula was determined by linearization technique for the rainfall.

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ON LIMIT BEHAVIOURS FOR FELLER'S UNFAIR-FAIR-GAME AND ITS RELATED MODEL

  • An, Jun
    • Journal of the Korean Mathematical Society
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    • v.59 no.6
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    • pp.1185-1201
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    • 2022
  • Feller introduced an unfair-fair-game in his famous book [3]. In this game, at each trial, player will win 2k yuan with probability pk = 1/2kk(k + 1), k ∈ ℕ, and zero yuan with probability p0 = 1 - Σk=1 pk. Because the expected gain is 1, player must pay one yuan as the entrance fee for each trial. Although this game seemed "fair", Feller [2] proved that when the total trial number n is large enough, player will loss n yuan with its probability approximate 1. So it's an "unfair" game. In this paper, we study in depth its convergence in probability, almost sure convergence and convergence in distribution. Furthermore, we try to take 2k = m to reduce the values of random variables and their corresponding probabilities at the same time, thus a new probability model is introduced, which is called as the related model of Feller's unfair-fair-game. We find out that this new model follows a long-tailed distribution. We obtain its weak law of large numbers, strong law of large numbers and central limit theorem. These results show that their probability limit behaviours of these two models are quite different.

Tool condition monitoring using parameters of beta distribution in gear shaving process (기어 세이빙 공정에서 베타 확률 분포를 이용한 공구 상태 검출)

  • Choi, Deok-Ki;Kim, Seong-Jun;Oh, Young-Tak
    • Proceedings of the KSME Conference
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    • 2008.11a
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    • pp.1069-1074
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    • 2008
  • Tool condition monitoring (TCM) is crucial for improvement of productivity in manufacturing process. However, TCM techniques have not been applied to monitor tool failure in an industrial gear shaving application. Therefore, this work studied a statistical TCM method for monitoring gear shaving tool condition. The method modeled the shaving process using beta probability distribution in order to extract the effective features. Modeling includes rectifying for converting a bi-modal distribution into a unimodal distribution, estimating parameters of beta probability distribution based on method of moments. The usefulness of features obtained from the proposed method was evaluated and discussed.

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Probability Models of W-CDMA Signals in Realistic Wideband Multipath Channels (광대역 다중경로 실측채널에서 W-CDMA 수신 신호의 화률 모델)

  • 오동진;이주석;이귀상;김철성
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.27 no.4B
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    • pp.308-315
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    • 2002
  • This paper proposes new probability models for wideband code division multiple access (W-CDMA) signals. The performance of a W-CDMA system is evaluated by calculating the average bit error rate(BER) which is derived from the probability distribution of the W-CDMA receiver output. If a probability model of the receiver output is available, the performance evaluation becomes much simpler and it enables diverse analyses of the system for channel coding and other purposes. In this paper, probability distributions of W-CDMA signals, more specifically those of the receiver output, are represented as Rayleigh and noncentral chi distribution, considering various bandwidths and channel environments. The adequacy of a probability model is verified by chi-square test of 1% significance level. The BER of the system obtained from the simulation results is compared to that obtained from the probability model to demonstrate the usefulness of the proposed models.

Effect of Boundary Conditions of Failure Pressure Models on Reliability Estimation of Buried Pipelines

  • Lee, Ouk-Sub;Pyun, Jang-Sik;Kim, Dong-Hyeok
    • International Journal of Precision Engineering and Manufacturing
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    • v.4 no.6
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    • pp.12-19
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    • 2003
  • This paper presents the effect of boundary conditions in various failure pressure models published for the estimation of failure pressure. Furthermore, this approach is extended to the failure prediction with the aid of a failure probability model. The first order Taylor series expansion of the limit state function is used in order to estimate the probability of failure associated with each corrosion defect in buried pipelines for long exposure period with unit of years. A failure probability model based on the von-Mises failure criterion is adapted. The log-normal and standard normal probability functions for varying random variables are adapted. The effects of random variables such as defect depth, pipe diameter, defect length, fluid pressure, corrosion rate, material yield stress, material ultimate tensile strength and pipe thickness on the failure probability of the buried pipelines are systematically investigated for the corrosion pipeline by using an adapted failure probability model and varying failure pressure model.

Estimating Paddy Rice Evapotranspiration of 10-Year Return Period Drought Using Frequency Analysis (빈도 분석법을 이용한 논벼의 한발 기준 10년 빈도 작물 증발산량 산정)

  • Yoo, Seung-Hwan;Choi, Jin-Yong;Jang, Min-Won
    • Journal of The Korean Society of Agricultural Engineers
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    • v.49 no.3
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    • pp.11-20
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    • 2007
  • Estimation of crop consumptive use is a key term of agricultural water resource systems design and operation. The 10-year return period drought has special aspects as a reference period in design process of irrigation systems in terms of agricultural water demand analysis so that crop evapotranspiration (ETc) about the return period also has to be analyzed to assist understanding of crop water requirement of paddy rice. In this study, The ETc of 10-year return period drought was computed using frequency analysis by 54 meteorological stations. To find an optimal probability distribution, 8 types of probability distribution function were tested by three the goodness of fit tests including ${\chi}^2$(Chi-Square), K-S (Kolmogorov-Smirnov) and PPCC (Probability Plot Correlation Coefficient). Optimal probability distribution function was selected the 2-parameter Log-Normal (LN2) distribution function among 8 distribution functions. Using the two selected distribution functions, the ETc of 10-year return period drought was estimated for 54 meteorological stations and compared with prior study results suggested by other researchers.