Definitions Flashcards
1
Q
What are mutually exclusive events?
A
They cannot happen at the same time, probability of outcomes sum to 1
2
Q
What are complementary events?
A
Mutually exclusive events that are the exact negation of each other
3
Q
What does ‘dependent’ mean?
A
The occurrence of one event affects the chances of of occurrence of the other
4
Q
Can independent events occur at the same time?
A
Yes
5
Q
Can mutually exclusive events occur at the same time?
A
No
6
Q
What is the random variable?
A
The result of a chance situation
7
Q
What is a discrete random variable?
A
- Finite values within a range
- Sample space is defined over a finite number of outcomes
8
Q
What is a continuous random variable?
A
- Any value within a range
- Number of values is virtually infinite
- Sample space has virtually infinite number of outcomes
9
Q
What does the binomial distribution represent?
A
Random experiment with two mutually exclusive outcomes, success and failure
