Probabilities Chapter 11 - Paper 1 and Paper 2 Flashcards
What are add probabilities?
Used to calculate the number of ways a combination of different outcomes can occur for or within a particular event.
What is chance?
The extent to which an event is likely to occur.
What is an event?
A happening, an incident
What is likelihood?
Probability
What is a lottery?
A method of raising money by selling numbered tickets and giving a proportion of the money raised to holders of numbers drawn at random.
What are multiple events?
More than one event occurring.
What is non-replacement?
Once an item has been selected, it is not returned to the pool.
What is an outcome?
Something that follows from an action.
What is replacement?
Once an item has been selected, it is put back into the pool and can be selected again.
What is result?
Something that follows from an action.
What is a prediction?
A forecast
What is a lucky draw?
A competition based on drawing results at random.
What is minuscule?
Very small.
What are betting odds?
The probability expressed as a ratio that a specific event will take place.
What are predictions?
The likelihood of something happening, based on an analysis of what happened in the past and the trends that are visible.
