Stats exam 2

Law of Large Numbers (LLN)

the number of times an experiment is repeated

Sampling Distribution of a Sample Statistic (SDSS)

the distribution of values for a sample obtained from repeated samples all the same size and all drawn from the same population

How are LLN and SDSS similar

both focus on the idea of doing more

How are LLN and SDSS different

LLN is related to probability and SDSS focusses on experiments and samples

Empirical Probability

probability that is based on repeatedly observing an events outcome e.sampling 50 M&Ms from a bag of 500 and sorting by color

Theoretical Probability

probability that comes from a mathematical model ex. knowing the break down of colors in bag of 500 M&Ms and predicting a specific color choice

Conditional Probability

probability that takes into account a given condition ex. removing 1 green M&M from the page without replacing and predicting the odds of choosing another green M&M

0.05

1.833

0.01

2.822