U5 Flashcards
when two events have no elements in common
mutually exclusive
the known outcomes that are all equally likely to occur
sample space
the ratio of the number of ways a specific event can occur to the total number of possible outcomes
theoretical probability
a permutation, or arrangement of objects, where order does not matter
combination
the multiplication of successive decreasing counting numbers down to one
factorial
an arrangement of objects in order
permutation
the ratio of the number of favorable outcomes to the total number of times an experiment was performed; also known as relative frequency or experimental probability
empirical probability
the probability of two distinct, mutually exclusive events, where one outcome is considered a success and the other outcome is considered a failure
binomial probability