Probability Flashcards
1
Q
Probability
A
A measure of the likelihood of a random event; the long-term relative frequency with which an outcome or event occurs
2
Q
Sample Space
A
All possible single outcomes of an experiment
3
Q
Types of relationships between events
A
Exhaustive, Non-exhaustive, Mutually Exclusive, Non-mutually Exclusive, Independent, Dependent, Joint Probabilities, Marginal/Unconditional Probabilities, Conditional Probabilities
4
Q
Exhaustive Relationship
A
5
Q
Non-exhaustive
A
6
Q
Mutually Exclusive
A
7
Q
Non-mutually exclusive
A
8
Q
Independent
A
9
Q
Dependent
A
10
Q
Joint Probabilities
A
Probability that 2 or more events occur simultaneously
11
Q
Marginal/Unconditional Probabilities
A
= summation of probabilities
12
Q
Conditional Probabilities
A
