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42 Cards in this Set
- Front
- Back
random phenomenon |
individual outcomes are uncertain but there is a regular distribution of outcomes in a large number of repetitions
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probability
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proportion of times the outcome would occur in a long series of repetitions
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independent trials
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the outcome of one trial must not influence the outcome of any other
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Sample space S (random phenomenon)
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The set of all possible outcomes
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Event
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an outcome or a set of outcomes of a random phenomenon (a subset of the sample space)
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4 Probability rules
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1. 0 ≤ P(A) ≤ 1
2. P(S) = 1 3. Disjoint events (no outcomes in common)-P(A or B) = P(A) + P(B) 4. Complement rule P(Ac) = 1 - P(A) |
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Disjoint events
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Events that have no outcomes in common
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Probability of any event (description)
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Equals the sum of the probabilities of the outcomes making up the event
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Probability of any event A (equation)
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P(A) = (count of outcomes in A) / (count of outcomes in S)
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Multiplication rule for independent events
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Two events A and B are independent if knowing that one occurs does not change the probability that the other occurs so P(A and B) = P(A)P(B)
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Disjoint and independet
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Disjoint events cannot be independent (they can't occur together, so the fact that A occurs already says that B cannot occur)
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Random variable
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A variable whose value is a numerical outcome of a random phenomenon
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Discrete random variable (X)
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A random variable with a finite number of possible values
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Probability distribution of discrete X
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Lists the values and their probabilities
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Probabilities of values of X (must satisfy these two things)
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1. Every probability pi is a number between 0 and 1
2. p1 + p2 + ... + pk = 1 (probability of any event comprising any of the xi values is found by adding up their respective pi values) |
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Probability histograms
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Compare the probability of certain numerical outcomes
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Continuous random variable X
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Takes all values in an interval of numbers
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Probability distribution of continuous X
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Described by a density curve; the probability of any event is the area under the density curve and above the values of X that make up the event
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Continuous probability distributions and individual outcomes
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All are assigned probabilities of zero
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Continuous probaility of normal distribution
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Calculate probabilities using z-scores
Z = (X - µ) / σ |
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Mean of discrete random variable X
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Σxipi = µx = x1p1 + x2p2 + ... + xnpn
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Law of large numbers
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Draw independent observations at random from any population with finite mean µ. Decide how accurately you would like to estimate µ. As the number of observations drawn increases, the mean x-bar of the observed values eventually approaches the mean µ of the population as closely as you specified and then stays that close.
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Variability of the random outcomes
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The more variable the outcomes, the more trials are needed to ensure that mean outcome x-bar close to the distribution mean µ
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Linear transformation of the mean of a random variable
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µ(new) = a + bµ
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Addition of random variable means
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µ(x+y) = µ(x) +µ(y)
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Variance of a discrete random variable
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Σ(xi - µx)^2(pi)
(standard dev, is sqrt) |
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Independence and adding variance
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Variances only add when there is no association between variables
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Variance of the sum of two non-independent variables
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Depends on the correlation between the variables (it is non-zero whenever two random variables are not independent)
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Linear transformation (a, b) for variances
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σ^2 (new) = b^2σ^2
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σ^2(X+Y) or σ^2(X-Y), independent equals
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σ^2(X) +σ^2(Y)
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Adding variances with correlation p
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(X+Y)-->add 2pσ(X)σ(Y)
(X-Y)-->sub. 2pσ(X)σ(Y) |
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Union (of collection of events
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The event that at least one of the collection occurs
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P(one or more of A, B, C)
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P(A) + P(B) + P(C)
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P(A or B) equals
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P(A) + P(B) - P(A and B)
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Conditional probability
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Computing probability given the fact that some event has already happened
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Multiplication rule: P(A and B) equals
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P(A)P(B l A)
(P(B) given A) |
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Conditional probability (P(A)>0)
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P(B l A) = P(A and B) / P(A)
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Intersection
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Event that all of the events occur (out of any collection of events)
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P(A and B and C)
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P(A)P(B l A)P(C l A and B)
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Tree diagram
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(A and B)-->multiply each nodal probability along a branch
P(B l A)-->calculate probability starting from the node where A is decided |
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Independent events (conditional probability)
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P(B l A) = P(B)
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Baye's Rule
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A1, A2, ..., Ak are disjoint events without P=0 and add to 1
P(Ai l C) = [P(C l Ai)P(Ai)] / [P(C l A1)P(A1) + ... + P(Ak)P(C l Ak) C is another event whose probability is not 0 or 1 |