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What Do You Expect?
CMP: What Do You Expect?
|counting tree||A diagram used to determine the number possible outcomes in a probability situation.|
|equally likely events||Two or more events that have the same probability of occurring.|
|event||A set of outcomes.|
|expected value||The average payoff over many trials.|
|experimental probability||A probability that is determined through experimentation.|
|fair game||A game in which each player has the same chance of winning.|
|long term average||The average payoff over many trials.|
|outcome||A possible result of an action.|
|probability||A number between 0 and 1 that describes the likelihood that an event will occur.|
|random events||Events whose outcomes are uncertain when viewed individually, but which may exhibit a predictable pattern when observed over many trials.|
|theoretical probability||A probability obtained by analyzing a situation.|