TOPIC 2. PROBABILITY Flashcards
A strength of mathematics looking at the chance of events occurring
Probability
It is the science of chances and probabilities
Probability
It is the entire collection of data
Population
It is a subset of the population
Sample
Utilizes probability in making inferences or predictions
Inferential statistics
It is the process by which an observation or measurement is obtained
Experiment
It is the process that generates sets of data
Experiment
Experiment resulting in different outcomes even repeated in the same manner
Random experiment
Recording of information
Observation
It is a set of all possible outcomes of a statistical experiment
Sample space
Each outcome in a sample space
Element or member or sample point
It is the subset of a sample space or a collection of outcomes
Event
Describing a sample space with large number of sample points
Statement method or rule method
Describing a sample space by listing all sample points
Listing method
Four types of events
Null set, compliment, intersection and union