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19 Terms

1

Probability

A quantitative measure of the likelihood that a random phenomenon or chance behavior will occur.

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2

Empirical Probability

Probability derived from observed data, calculated as the number of times an event occurs divided by the total number of trials.

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3

Sample Space (S)

The collection of all possible outcomes of a probability experiment.

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4

Disjoint Events

Events that cannot occur simultaneously.

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5

Certain Event

An event that is certain to occur, with a probability of 1.

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6

Impossible Event

An event that cannot occur, with a probability of 0.

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7

Law of Large Numbers

As the number of repetitions of a probability experiment increases, the observed frequencies of outcomes converge to the theoretical probabilities.

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8

Subjective Probabilities

Probabilities derived from personal judgment or belief rather than empirical data.

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9

Addition Rule

In the context of disjoint events, the probability of either event E or F occurring is the sum of their individual probabilities.

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10

Complement Rule

The probability of the complement of an event E is equal to 1 minus the probability of E.

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11

Conditional Probability

The probability of an event F occurring given that event E has occurred.

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12

Permutations

Ordered arrangements of objects where the sequence matters.

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13

Combinations

Selections of objects where the order does not matter.

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14

General Addition Rule

For any two events E and F, the probability of either E or F occurring is given by P(E) + P(F) - P(E and F).

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15

Independence

Two events are independent if the occurrence of one does not affect the probability of the other occurring.

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16

Multiplication Rule for Independent Events

The probability of both events E and F occurring is the product of their individual probabilities.

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17

Empirical Method

A method of calculating probability based on frequency data from experiments.

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18

Classical Method

A method of calculating probability based on reasoning or intuition regarding equally likely outcomes.

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19

Bayes's Rule

A theorem that describes how to update probabilities based on new evidence.

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