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18 Cards in this Set
 Front
 Back
process that yields an observation

experiment


observation of the experiment

outcome


collection of all outcomes

sample space


a diagram that depicts all possible outcomes for an experiment enclosed in a shape

venn diagram


a diagram that depicts all possible outcomes of an experiment like branches of a tree

tree diagram


one and only one of the final outcomes for an experiment

simple event


collection of more than one outcome for an experiment

compound event


numerical measure of the likelihood that a specific event will occur

probability


equally likely outcomes  have same probability of occurrance

classical probability


often times, different outcomes are not equally likely

relative frequency probability


probability assigned to event based on subjective judgment, experience, information and belief

subjective probability


ratio of probability that an event will occur to the probability that this event will not occur

odds


if an experiment consists of three steps and if the first step can result in m outcomes, the second step in n outcomes, and the third step in k outcomes, then, total outcomes for experiment = m*n*k

counting rule


probability of a single event without consideration to any other event

marginal probability


probability that an event will occur given that another event has already occurred

conditional probability


events that cannot occur together

mutually exclusive events


occurrences of one event does not affect probability of occurrence of the other

independent event


complement of A, denoted by A' and read as "A prime" or "A complement", is the event that includes all of the possible outcomes for an experiment which are not included in A

Complementary Events
