Stats Flashcards

1
Q

Probability

A

of desired outcomes / # of possible outcomes

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2
Q

Multiple events

A

Determine whether you want both or just one event to happen, the order the events occur, and whether they can happen simultaneously

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3
Q

Either A OR B

A

Ads probabilities

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4
Q

Both A AND B

A

Multiply probabilities

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5
Q

Consider likelihood of event not occurring and subtract that probability from 1

A

The probability that the event will occur + the probability than event wont occur = 1

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