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7 Cards in this Set

  • Front
  • Back
binomial probability function
used when all outcomes can be categorized as either successes or failures.
Can also be used with finite populations when sampling is with replacement
compound or joint probability
dependent events for which probability is conditional
ex.
-drawing objects from a container
-cards from a deck
-->without replacement
P(A|B) = P(A) if events are independent
Birthday Problem
P(k distinct birthdays)
(365/365)*(364/365)*...*((365-k)/365)
exactly 2 people in a group of 5 share a birthday
C(5,2) * (365) * (1/365)^2 * (364/365) * (363/365) * (362/365)
Confidence Interval
(Sampling Distribution Known)
| L-μ |
-------
|σ/√n|
Hypothesis testing - how many tails?
one-tail = average has or has not increased or decreased

two-tail = average has or has not changed
variance
standard deviation squared

s - sample std deviation (n-1)
σ - population std deviation (N)