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5 Cards in this Set
- Front
- Back
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Probability Theory
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The formal system developed by mathematicians and statisticians to deal with uncertainty is called ____.
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Probability
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The ____ of a favored event is equal to the number of possible outcomes resulting in the favored event divided by the total number of possible outcomes , when each possible outcome has an equal opportunity to occur.
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Frequency
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Thus, probability is the reflective _____ of the favored outcome in the population of possible outcomes.
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Multiplication Rule
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Probability of A "and” B
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Addition Rule
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Probability of A "or" B
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