Module 4 - Basic Probability Flashcards

1
Q

Define Random experiment?

A

A process that results in one of a number of possible different outcomes

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2
Q

Define sample space?

A

The set of all possible simple events or outcomes

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3
Q

Define probability?

A

The extent to which something is likely to happen.

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4
Q

Define probability tree?

A

A depiction of events as branches of a tree

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5
Q

What are the rules of probability?

A

Complement
Union
Intersection of events

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6
Q

What are rules of probability used for?

A

They are used to calculate the probabilities of complex events

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7
Q

What is the compliment rule?

A

The probability of an event equals one minus the probability of its complement.

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8
Q

What is the union rule?

A

An event consisting of all outcomes from two events.

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9
Q

What is the intersection rule?

A

A joint event consisting of common outcomes from two events.

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10
Q

Two events that cannot happen at the same time are called?

A

Mutually exclusive

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11
Q

Two events that have no influence on each other are called?

A

Independent(Independence)

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