Chapter 8 - Probability Flashcards
The chance that something will happen
Probability
Events that cannot occur simultaneously
Mutually Exclusive
Events that may occur simultaneously
Nonmutually Exclusive Events
When the occurrence of one event alters the probabilities associated with another event, these events are considered blank
Dependent
When one event does not influence the occurrence of another
Independent
Both A and B can occur at the same time
Joint Probability
The number of arrangements that n objects can have when r of them are used
Permutation
When the order in which the items are used is not important, the number of possibilities can be calculated by using the formula for a blank
Combination
Binomial Probability Distribution was developed by
Isaac Newton
Categorizes the results of a number of repeated trials and the outcomes of those trials
Binomial Probability Distribution
Quantifies the count of discrete events and is used when calculating the probability that an event will occur when there is a large area of opportunity
Poison Probability Distribution