Term
|
Definition
| A measure of the likelihood of a random phenomenon or chance behavior |
|
|
Term
|
Definition
|
|
Term
|
Definition
| As the number of repetitions of a probability experiment increases, the proportion with which a certain outcome is observed gets closer to the probability of the outcome |
|
|
Term
|
Definition
| Any process with uncertain results that can be repeated |
|
|
Term
|
Definition
| The collection of all possible outcomes |
|
|
Term
|
Definition
| Any collection of outcomes from a probability experiment |
|
|
Term
| 1. Rules of probabilities |
|
Definition
| The probability of any event P(E) is 0<=P(E)<=1 |
|
|
Term
| 2. Rules of probabilities |
|
Definition
| The sum of the probabilities of all outcomes must equal 1 |
|
|
Term
|
Definition
| The possible outcomes of a probability experiment and each outcome's probability |
|
|
Term
|
Definition
| An event that has a low probability of occurring |
|
|
Term
| 3 methods for determining the probability of an event |
|
Definition
1. Empirical method
2. Classical method
3. Subjective method |
|
|
Term
| Probabilities using empirical method, P(E) ~ |
|
Definition
| Frequency of E/number of trials of experiment |
|
|
Term
| Probabilities using classical method, P(E) = |
|
Definition
| Number of ways the E can occur/number of possible outcomes = N(E)/N(S) |
|
|
Term
|
Definition
| When each outcome has the same probability of occurring |
|
|
Term
|
Definition
| Listing the equally likely outcomes of the experiment with a tree |
|
|
Term
|
Definition
| A probability obtained on the basis of personal judgment |
|
|
