Chapter 14

Question 1

Trial

Answer 1

each occasion upon which we observe a random phenomenon

Question 2

Outcome

Answer 2

At each trial, we note the value of the random phenomenon, and call that the trial’s outcome

Question 3

Event

Answer 3

When we combine outcomes

Question 4

Sample Space

Answer 4

The collection of all possible outcomes

Question 5

Law of Large Numbers

Answer 5

As the number of independent trials increases, the long-run relative frequency of repeated events get closer and closer to a single value

Question 6

Independent

Answer 6

The outcome of one trial doesnt affect the outcomes of the other.

Question 7

Empirical Probability

Answer 7

the definition of probability

Question 8

Addition Rule

Answer 8

you can add the probabilities of events that are disjoint

Question 9

Multiplication Rule

Answer 9

for independent events, to find the probability that both events occur, we multiply the probabilities together.

Question 10

Independence Assumption

Answer 10

that each variable is independent of each other