Chapter 5 Flashcards
probability
any outcome of a chance process (number between o and 1) that describes the proportion of times the outcome would occur in a very long series of repetitions.
sample space S
the set of all possible outcomes in a chance process
probability model
a description of some chance process that consists of two parts: a sample space S and a probability for each outcome
event
collection of outcomes from some chance process. It is a subset of the sample space. Usually designed by capital letters, like A, B, C, etc…
mutually exclusive (disjoint)
two events that have no outcomes in common and can never occur together
conditional probability
the probability that one event happens given that another event is already know to have happened. A has happened, the probability that event B happens given that event A has happened is written as P(B/A)
independent events
the occurrence of one event has no effect on the chance that the other even will happen. Determined if P(A/B)=P(A) and P(B/A)=P(B)
complement of the event
all outcomes that are NOT the event