Chapter 5 - Probability

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random process

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7 Terms

1

random process

generating outcomes purely by chance

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2

trial

a repetition (rep) of a random process

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3

law of large numbers

as more trials are observed the proportion of times that an outcome occurs approaches its probability

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4

simulation process

1) description of random process 2) tell whats being recorded 3) use results

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5

probability model

description of a random process that consists of 2 parts

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6

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7
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