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12 Cards in this Set

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Probability

The likelihood of an event happening. Probability is calculated by dividing the number of occurrences of an event by the number of possible occurrences of that same event.

Factorial

Expressed as ! or (fact), this is equal to the factorial number times all the numbers that are less than the number in question.




For example, 4! = 4x3x2x1.

Combination

The number of possibilities when order doesn't matter.

Permutation

The number of possibilities when order does matter.

Boolean Operator

An expression of logic, to include "and", "or", and "not".

And

Possibility of multiple events happening together (multiply).

Or

Possibility of one or another event happening (add).

Not

Possibility of anything except a particular event happening (subtract).

Mutually Exclusive Events

The probability of one event does not affect the other. Events are independent, so boolean operators can be used as above.

Non Mutually Exclusive Events

The probability of one event does affect the other. You will need to subtract any overlap in events from the total after using the boolean operators above.

Probability WITH Replacement

After selecting an item, it is put back. The odds are the same for selecting multiple items.

Probability WITHOUT Replacement

After selecting an item, it is not put back, which changes the odds of drawing multiple items after the first.