DECK 10: UNIT 4 - PROBABILITY TERMS AND CONCEPTS Flashcards
what is the law of large numbers?
guarantees that in the long run.. The relative frequency settles down to true probability.. (you’ll have 50% heads after an infinite number of coin flips with a fair coin)
What is a mistake that people make with the law of large numbers?
they make short term predictions. The law of large numbers talks about the LOOOOOOONG run relative frequency.
what is probability?
THE LONG RUN RELATIVE FREQUENCY!!
What is the “hot hand” view of probability?
Misrepresentation of the law of large numbers. If someone flipped a coin and it landed on heads 4 times in a row… you’d expect it to be heads again because “heads is hot”.. NOT TRUE..
What is the law of averages?
a misinterpretation of the law of large numbers. Using this law, if you flipped 4 heads in a row, you’d expect the next one to be a tails because it should even out in the long run, as if the coin remembers that it “owes you” something… NOT TRUE
A bag has 3 red chips and 4 blue chips.. WTPT you grab a red first, then put it back in and then grab a red again?
3/7 * 3/7 = 9/49 (indep events)
If we use a NORMAL model to approx a BINOMIAL.. What are mean and SD?
mean= np and sd= root(npq). So N (np, root(npq))
the (n over k) thing has a (5 over 2), how would you do it? What is it called?
Also known as “5 choose 2” or “5 C 2”..
5! / 3!2! (notice the bottom two add to the top)
WHAT ARE THE TWO INDEPENDENCE EQUATIONS USED FOR CHECKING?
P(A)=P(A|B) or P(A)*P(B)= P(A and B)
How many ways can I arrange M N W Z ?
4! 4*3*2*1 = 24 ways
How to make TREES with screening tests????
SPLIT UP POPULATION FIRST >>>>>> then split the groups by outcomes of the test
What is a continuous probability function or curve?
A line or curve (like the normal model) that has an area of exactly one. The probability is found by finding the area between the boundaries given.
How to find P(at least 1)?
1-P(none)
Do we add or subtract st dev when combining models?
neither… you always just add variances. Square the st devs, add them, then take sqrt.
A bag has 3 red chips and 4 blue chips.. WTPT you reach in and grab 2 reds?
3/7 * 2/6 = 6/42 or 3/21 (notice the denominator changed)
What does mutually exclusive mean?
Same as disjoint.. Can’t both happen.
When can we use a NORMAL model to approx a binomial?
when np and nq are over 10
A bag has 3 red chips and 4 blue chips.. If you grab a red one on the first try and keep it, WTPT the next one is red?
2/6
can independent events be disjoint? EXPLAIN
NO, if they are independent, then knowing one doesn’t change the probability of the other, but if they are disjoint, knowing one makes the other impossible, so it does change the probability to 0
What is a probability distribution?
A table or graph showing all of the probabilites of certain occurances. THE PROBABILITIES HAVE TO ADD TO ONE!
what is independent?
when P(A)=P(A|B)… When the probability of A is the same even when B is also true… Knowing B does not affect the probability of A. (can also be checked by P(A)*P(B)=P(AandB))
You own a bike shop and order your tires from 2 companies (A and B). You order 80% from A and 20% from B. 1% of the tires from A are defective, while 4% from B are defective… What is the probability that a defective tire is from company A? How would you do this?
Tree diagram. Split up by company first, then use conditionals.
A BAD (.8)(.01)= .008
A GOOD (.8)(.99)= .792
B BAD (.2)(.04)= .008
B GOOD (.2)(.96)= . 192
It seems that .008/(.008+.008) or 50% are bad
when can you expect the first success? (mean of GEO)
1/p……… this tells you, on average, when the first success will occur….
what is representative?
It means that the sample statistics will be kind of like the population parameters.. The sample “looks like” the population.