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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