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probabilities ch 4

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Probability Experiment   Process which leads to well-defined results call outcomes  
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Outcome   The result of a single trial of a probability experiment  
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Sample Space   Set of all possible outcomes of a probability experiment  
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Event   One or more outcomes of a probability experiment  
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Classical Probability   Uses the sample space to determine the numerical probability that an event will happen. Also called theoretical probability.  
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Equally Likely Events   Events which have the same probability of occurring.  
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Complement of an Event   All the events in the sample space except the given events  
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Empirical Probability   Uses a frequency distribution to determine the numerical probability. An empirical probability is a relative frequency.  
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Subjective Probability   Uses probability values based on an educated guess or estimate. It employs opinions and inexact information.  
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Mutually Exclusive Events   Two events which cannot happen at the same time.  
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Independent Events   Two events are independent if the occurrence of one does not affect the probability of the other occurring  
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Dependent Events   Two events are dependent if the first event affects the outcome or occurrence of the second event in a way the probability is changed.  
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Conditional Probability   The probability of an event occurring given that another event has already occurred  
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Bayes' Theorem   A formula which allows one to find the probability that an event occurred as the result of a particular previous event.  
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Created by: sam6204
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