Module 4 - Basic Probability Flashcards
Define Random experiment?
A process that results in one of a number of possible different outcomes
Define sample space?
The set of all possible simple events or outcomes
Define probability?
The extent to which something is likely to happen.
Define probability tree?
A depiction of events as branches of a tree
What are the rules of probability?
Complement
Union
Intersection of events
What are rules of probability used for?
They are used to calculate the probabilities of complex events
What is the compliment rule?
The probability of an event equals one minus the probability of its complement.
What is the union rule?
An event consisting of all outcomes from two events.
What is the intersection rule?
A joint event consisting of common outcomes from two events.
Two events that cannot happen at the same time are called?
Mutually exclusive
Two events that have no influence on each other are called?
Independent(Independence)