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Probability

12 terms regarding probability

QuestionAnswer
certain An event WILL definitely happen. An outcome with a probability of 1.
theoretical probability The likelihood a specific outcome will occur, determined by calculating expected outcomes under ideal circumstances.
experimental probability The likelihood a specific outcome will occur, based on repeated testing and observation of results. It is the ratio of the number of times an event occurs to the number of trials.
probability The chance that a particular outcome will occur measured as a ratio of the total possible outcomes. P = [favorable outcomes]/[possible outcomes].
unlikely The outcome will probably NOT happen (probability between 0 and 0.5).
likelihood The chance that a particular outcome will occur [impossible, unlikely, likely, certain].
event A situation involving chance that has more than one possible outcome.
experiment A test to determine the likelihood of a specific outcome of an event.
outcome Any one of the possible results of an event.
likely The outcome will probably happen (probability between 0.5 and 1.0).
impossible An event WILL NOT happen; no chance of occurring (probability of 0).
chance The likelihood that a particular outcome will occur.
Created by: dmwetherell
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