Chapter 2 Flashcards

1
Q

long-term frequency

A

a definite value that we rarely know with certainty

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2
Q

Subjective usage

A

strength of belief

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3
Q

Model

A

a simplified
description of a
mechanism

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4
Q

Subjective probability

A

opinion not based on data

used to construct a model

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5
Q

Probabilities are
always contingent
on …

A

assumptions

i.e. models

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6
Q

Probability

A

start with a general case such as a
population or a model and use that
understanding to make predictions for samples
-Deductive Reasoning

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7
Q

Statistics

A

use samples to make inferences about
the overall population or model.
-Inductive Reasoning

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