Test 2 Flashcards

1
Q

Probability

A

Measure of the likelihood that an event will occur

Assigned on a scale of 1-0

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2
Q

Random experiment

A

A process that generates well defined outcomes. Determined by chance

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3
Q

Sample space

A

The set of all experimental outcomes

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4
Q

Counting rule for multiple step experiment

A

If an experiment can be described as a sequence of k steps

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5
Q

Counting rule for combinations

A

Allows us to count the number of experimental outcomes when the experiment involves selecting n objects from a set of N objects

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6
Q

Counting for permutations

A

When n objects are selected from N objects where the order of selection matters

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7
Q

Assigning probabilities

A

Probability assigned must be between 0-1

The duke of the probabilities must be 1

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8
Q

Complement

A

P(A)=1-P(Ac)

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9
Q

Mutually exclusive

A

If they have no sample points in common always equals 0

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10
Q

Conditional probability

A

When the probability of an event is influenced by wether s related event already occurred

A|B

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11
Q

Independent events if

A

P|B = p(a)

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12
Q

Discrete probability distribution

A

A random variable that might assume a finite number of values Has to be whole numbers or pass or fail

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13
Q

Binomial probability distribution

A
  1. N identical trials
  2. Two outcomes possible on each trial
  3. Probability of success doesn’t change from trial to trial
  4. Trials are independent
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