Stat Methods Probability
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8 Terms
probability
the relative frequency that an event will occur over an infinite number of generating events
event
any observable outcome (ex: if you flip a coin, the event is heads if you landed on heads and tails if you landed on tails)
generating event
the process you go through to observe an event (ex: flipping a coin)
relative frequency
refers to how probability is reported and that is a value between 0.00 and 1.00
addition theorem
says that the probability of any of several particular events is the sum of their individual probabilities provided that they’re mutually exclusive
mutally exclusive
event A can’t occur at the same time as event B
multipication theorem
the probability of several particular events occuring successfully or jointly is the product of their separate probabilities provided that generating events are independent
independent
what happens in one instance does not impact what happened in another
