Chapter 5 - Probability

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Last updated 7:11 PM on 11/12/24
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7 Terms

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random process

generating outcomes purely by chance

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trial

a repetition (rep) of a random process

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law of large numbers

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

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simulation process

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

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probability model

description of a random process that consists of 2 parts

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