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Prob Stats Unit 2

vocab

Question Answer
If the occurrence of one event does not affect the occurrence of another event, these events are said to be....... Independant
According to the......... the observed proportion of a specific outcome gets closer to the true probability of that outcome as we increase our number of repetitions or trials. Law of large numbers
To calculate......... probability, find the relative frequency of the desired outcome in a number of observed trials. empirical
According to the....... the sampling distribution of the sample mean approaches a normal distribution as n increases towards infinity. central Limit theorem
. The set of outcomes in which the desired event does not occur is called the.......... of that event complement
The standard normal (z) distribution has a mean of......... and a standard deviation of....... "/0" 1
List the four requirements of a binomial distribution. 2 poss outcomes fixed n independent trials Fixed prob of success
Emperical Predicting outcomes based on real-world data
classical Games of chance involving coins, dice, or cards, where outcomes are easily quantifiable and have equal likelihood.
subjective Unique, "one-shot" situations where it is impossible to perform repeated trials, like assessing the likelihood of a business succeeding or the outcome of a specific political event.
Created by: jhorto1992
 

 



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