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17 Cards in this Set
- Front
- Back
The collection of all possible outcomes. |
Sample Space, S
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Any collection of outcomes from a probability experiement. An event consists of one outcome or more than one outcome. |
Event, E
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Events with one outcome.
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Simple events, ei
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1.) The probability of any even E, P(E), must be greater than or equal to 0 and less than or equal to 1. |
Rules of Probability
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This lists the possible outsomes of a probability experiment and each outcome's probability. |
Probability Model
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If the probability of the event is 0, it is considered?
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Impossible
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If the probability of an event is 1 it is considered? |
A certainty.
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An event that has a low probability of occurring. Usually less than 5%
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Unusual Event
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The probability of an event E is approximately the number of times event E is observed divided by the number of repetitions of the experiment. P(E) ~~ relative frequency of E = frequency of E / number of trials of experiment |
Empirical Approach to Approximating Probabilities
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If an experiment has n equally likely outcomes and if the number of ways that an event E can occur is m, then the proability of E, P(E), is
P(E) = Number of ways that E can occur / number of all possible outcomes = m/n So, if S is the sample space of this experiment, P(E) = N(E) / N(S) Where N(E) is the number of outcomes in E, and N(S) is the number of outcomes in the sample space. |
Classical Method of Computing Probability
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A probability obtained on the basis of personal judgement.
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Subjective Probability
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Two events are this, if they have no outcomes in common.
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Disjoint or Mutually Exclusive Events
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If E and F are disjoint (or mutually exclusive) event, then
P(E or F) = P(E) + P(F) |
Addition Rule for Disjoint Events
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For any two events E and F,
P(E or F) = P(E)+P(F)-P(E and F) |
General Addition Rule
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If E represents any event and Ec represents the complement of E, then
P(Ec)=1-P(E) |
Complement Rule
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If E and F are independent events, then |
Multiplication Rule for Independant Events
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If events E1, E2, E3, ..., En are independent, then
P(E1 and E2 and E3, and ... and En) = P(E1)*P(E2)*...*P(En) |
Multiplicatino Rule for n Independent Events
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