Chapter 6 Discrete Probability Distributions Flashcards
Random variable
a numerical measure of the outcome from a probability experiment, so its value is determined by chance. Denoted using letters such as X.
Probability
deals with experiments that yield random short-term results yet reveal long-term predictability.
Outcome
The result of a probability experiment.
Law of Large Numbers
As the number of repetitions of a probability experiment increases, the proportion with which a certain outcome is observed gets closer to the probability of the outcome.
Experiment
Any process with uncertain results (or outcomes) that can be repeated.
Sample Space
The collection of all possible outcomes of a probability experiment. Often denoted, S.
Event
Any collection of outcomes from a probability experiment. Consists of one outcome or more than one outcome. Denoted using capital letters, such as E.
Probability Model
A list of the possible outcomes of a probability experiment and each outcome’s probability.
Rules of Probability
1) The probability of the event must be greater than or equal to 0 and less than or equal to 1.
2) The sum of the probabilities of all outcomes must
equal 1.
Impossible Event
An event whose probability is 0.
Certainty
Am event whose probability is 1.
Unusual Event
An event that has a low probability of occurring. Typically, an event with a probability less than 0.05.
Equally Likely Outcomes
Each outcome in a probability experiment has the same probability of occurring.
Tree Diagram
A diagram used to determine the sample space of a probability experiment.
Subjective Probability
The probability of an outcome determined by personal judgement.