Math Reviewer 4th Periodical
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9 Terms
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What is Statistics in the context of applied Mathematics?
It is concerned with developing and studying methods for collecting, analyzing, interpreting, and presenting empirical data.
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What does Probability measure?
It measures the likelihood of an event to occur.
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How is Probability calculated?
Probability(E) = favorable/desired outcome / total possible outcome.
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What is an Experiment in statistics?
It is a situation that results in different outcomes.
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What is Sample Space?
It is a set of all possible outcomes of an experiment, with each element called a sample point.
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What is an Outcome in statistics?
It is the result of an experiment.
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What is an Event in the context of Probability?
It is a single outcome or group of outcomes being considered under a certain condition; a subset of a sample space.
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What is Experimental Probability?
It is found by repeating an experiment and observing the outcomes.
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What is Theoretical Probability?
It is what is expected to happen based on mathematics.
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