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16 Cards in this Set
- Front
- Back
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Law of Large Numbers says that the proportion of times that a particular outcome occurs in many repetitions will approach ____.
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a single number
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Probabilities describe only what happens in the ____ run.
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long
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What is the probability of something that never occurs?
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zero
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What is the probability of something that always occurs?
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one
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A ____ is an imitation of chace behavior, most often carried out with random numbers.
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simulation
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What are the four steps for planning a simulation?
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State
Plan Do Conclude |
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The mathematics of chance is called____.
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probability
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Probability calculations are the basis for ____.
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Inference
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The laws of probability answer this question:
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What would happen if we did this many times?
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Chance behaviour is ____ in the short run but has a ____ pattern in the long run.
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unpredictable
regular & predictable |
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The ____ of any outcome of a chance process is a number between 0 and 1 that describes the proportion of times the outcome would occur in a very long series of repetitions.
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probability
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Outcomes that ____ occur have a probability of 0.
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never
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Outcomes that ___ occur have a probability of 1.
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always
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A ____ is a repetition of the same result.
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run
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Runs seem "not random" to our intuition but are ____.
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quite common
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The imitation of chance behavior, based on a model that accurately reflects the situation, is called a ____.
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Simulation
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