ADONGO’S PERIODIC STATISTICS
In every day activities we use observations of events that happened in the past to forecast future events or costs. For example, data that was collected over several years about the average event or cost may be used to estimate the expected event or cost in future years.
This help as to prevent losses, risks, or contingencies that are likely to occur in the future years to come.
A country which is aware of her future consequences or risks has a high chance of managing her resources, since she will be able to find ways of controlling or preventing such risks.
In fact, for the interest of knowledge contribution, I have had come out with a concept called periodic statistics. This particular concept will help us to estimate or predict futures events.
ADONGO’S PERIODIC OCCURENCES
ADONGO’S PERIODIC MEAN
The main aim of the periodic distribution is to use data for prediction and making future decision.
The most common and most effective numerical measures of the centre of a set of data along the Kth period is the Mean. It is the arithmetic average of the values along the Kth period of sample size n+k-1.
The formulae for the periodic Mean which is the relative occurrences of the ramdom variable xk and yk are given as,
ADONGO’S PERIODIC VARIANCE
We need a more accurate method for measuring the amount of variation, dispersion or consistency along Kth period of sample size n+k-2 of the data which takes into account the effect of all the data entries.
First, we must agree on what we mean by periodic variation in data. We interpret periodic variation as measuring how each period data values is from the Kth Mean. The Adongo’s variance is given as;
ADONGO’S PERIODIC PROBABILITY
In most areas of human endeavor, there is always an element of uncertainty. If we consider the weather, a stock transaction, or a matter relating on health, we are always face with a certain degree of risks.
In fact, the only things in life that are certain are death and taxes. Therefore, we must be able to assess the degree of uncertainty in any given situation, and this is done mathematically by using Adongo’s periodic probability.
ADONGO’S PERIODIC NORMALCY
PROPERTIES;-
2) It symmetric about the periodic mean.
3) Approximately 68% of a normal sample population along the Kth period lies within the periodic standard deviation of the mean.
4) Approximately 95% of a normal sample lies with two periodic standard deviation of means.
5) The total area under the periodic normally curves one(1).
6) or is precisely equal to the area under the normal curve between xL and xR or yL and yR and respectively.
Hence, the periodic normal distribution formulae are given as;
CENTRAL PERIODIC LIMIT THEOREM
Consider the distribution of sample periodic means have mean and standard deviation or mean and standard division base on the Kth periodic random samples of size n+k-1 along the period from an underlying periodic population having mean and standard deviation or mean and standard deviation along the Kth period of sample size n+k-1.
The Kth sample standard deviations are given as follow!
If we sample from a normal population along the Kth periods, then the distribution of sample means will be normally distributed periodically also. If we sample from no normal periodic population, then the distribution or the periodic means is approximately
normal if the sample size n+k-1 is large enough (i.e. n+k-1>29).the Zxk and Zyk values are calculated as
ADONGO’S MULTI- COMBINATIONAL THEOREM
THEOREM;
For a known variable xi-1 for generation prediction of the variable xi(where i = 1,2,3,4…) with a gradient ai and intercept bi, then the generation equation is given as,Xi =
Where ai and bi are calculated as;
Where ai and bi are calculated as;
The correlation coefficient is determine from equation Xi = . we use the correlation coefficient to measure the degree of relationship between two or more quantities, let and represent the respective means of the xi-1 and Xi values from the sample data. The correlation coefficient Ri is then defined as
AIM OF THE THEOREM
To enhance an easy and accurate way for predicting three or more variables when one variable is known .It is use to determine the correlation coefficient among variables.
IMPORTANCE OF THE THEOREM
The theorem is of great important to actuaries, statisticians, economists and many others.
ADONGO’S POINT VALUES INTERVAL THEOREM OF A STRAIGHT LINE EQUATION
If aЄA andbЄB, where “A” contains the possible values of “a" and "B" contains the possible values of "b". if “A” is a corresponding pair of “B” and “a” is a corresponding pair of “b”, thus we have
INTERCEPT OF A LINE
In fact, with point values theorem, we can determine the intercept of line on a graph as
a-a is a corresponding pair of b+b and a + a is a corresponding pair of b-b.
APPLICATIONS OF PVI THEOREM
Very applicable in statistics, economics, applied sciences, engineering sciences, and actuarial science and is used to draw a line of best fit as long a straight lines graphs are concerned.
Helps to determine the intercept of the axial coordinates x and y.
ADONGO DISTRIBUTION
Consider that the possible outcomes of a given time period or space n can be divided into two categories; those that cause a given event to occur in a particular time or space and those that do not. (i.e. ).
Consider the probability distribution of a time or a space event that occure randomly but has uniform probability of occurrences and if n denote as time or space and Xi denote as the number of times the event occur at a particular time or space. The probability which follows above characteristics is Adongo probability distribution.
MEAN
Given Adongo distribution of successful outcome in time or space N for X times occurrences of the event. The mean of the distribution is given as;
VARIANCE
Given Adongo distribution of successful outcomes and failure in time space N for X times occurrences of the event. The variance of the distribution is given as;
CHARACTERISTICS OF ADONGO DISTRIBUTION
- There are exactly two possible outcomes in a given time or space. We can think of these two outcome as “success” and “failure”
- The probability of certain number of success during a given interval of times or space is determine.
- The individual success are independent of one another
- The success will occur uniformly over the entire time or space under consideration.
EXAMPLE
A firm manufacture long rolls of tape and then cuts the rolls into 1200-ft lengths
Extensive measurement have shown that defects in the roll occurs at random with probability 0.40
a. What is the probability that a tape has at most 4 defects?
b. What is the probability that a tape has more than 2 defects?
c. If a case contain 3 tapes, what is the probability that one tape has 4 defects and the two remaining tape have 3 defects each?
BY WILLIAM AYINE ADONGO
Actuarial Science Student– UDS