Important Probability Distributions Discrete Probability Distributions Bernoulli Distribution A DRV X follows a Bernoulli(p)distribution if its PMF x={-p fx=1, if x=0, =p2(1-p)1-for x=0,1, 0.8 where 0<p<1 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 Remark: 0 Bernoulli(0.75) This is a binary random variable,taking value 1 with probability p,and taking value 0 with probability 1-p. Important Probability Distributions Introduction to Statistics and Econometrics June25,2019 7/135Important Probability Distributions Important Probability Distributions Introduction to Statistics and Econometrics June 25, 2019 7/135 Bernoulli Distribution Discrete Probability Distributions Remark: