Module 7, Probability Flashcards
Venn diagram
A type of chart that illustrates how distinct sets, topics, or objects relate to one another. Uses circles to represent events.
complement
An event that is the opposite of another event. The complement of heads when flipping coins is tails. The probabilities of an event and its complement always sum to 1.
Experiement
A procedure that can be done repeatedly which has a well defined set of outcomes.
dependent events
Two events for which the occurrence of the first affects the probability of the second.
relative frequency
A way to approximate a probability by taking the number of times an event occurs divided by the total number of trials.
the law of large numbers
As the number of trials increases the empirical probability converges on the theoretical probability, that is the estimate of the true probability becomes more accurate.
event
An outcome, or set of outcomes, whose chance of occurrence can be represented with a probability.
sample size
The number of different outcomes for an experiment.
tree diagram
A diagram that records all the events in a sample space by attaching each new set of events to each branch of the earlier events. The number of outermost branches gives the sample size.
random experiment
Experiment in which the outcome is not known ahead of time and in which results do not affect future outcomes.
conditional probability
A probability that depends on the occurrence of an earlier event.
law of total probability
A fundamental principle of probability which states that the product of all branches of a probability tree, added together equals 1.
probability
The chance of an event occurring.
independent events
Events, where the occurrence of one does not affect the probability that the other event(s) will occur.
probability tree
A tree diagram in which the branches record the probability of the next event and the nodes record the events.