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Math Vocab Unit 7


a diagram in which fractions of the area of the diagram cooresponds to probabilities in a situation area model
the probability of getting one of two outcomes(heads+tails) binomial probability
two or more events that have the same probability of occuring equally likely
intuitively the average payoff over the long run expected value
a probability that is determined through experimentation experimental probability
a game in which each player is equally likely to win fair game
this law states,in effect,that as more trials of an experiment are conducted the experimental probability more closely approximates the theoritical probability Law of large numbers
a possible result outcome
the number of points a player in a game recieves for a paticular outcome payoff
a number between 0-1 that describes the likely hood that an outcome will occur probability
outcomes that are uncertain when viewd individually,but exhibit a predictable pattern over many trials are random random
the set of all possible outcomes in a probability situation sample space
a probability obtained by analyzing a situation theoritical probability
a diagram used to determine the number of possible outcomes in a probabilty situation tree diagram
Created by: amanda:)