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A Brief Version: Elementary Statistics ch 4

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Question
Answer
Probability Experiment   A chance process that leads to well-defined results called outcomes.  
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Outcome   The result of a single trial of a probability experiment.  
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Sample Space   The set of all possible outcomes of a probability experiment.  
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Tree Diagram   A device consisting of line segments emanating from a starting point and also from the outcome point. It is used to determine all possible outcomes of a probability experiment.  
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Event   Consists of a set of outcomes of a probability experiment.  
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Simple Event   An event with one outcome.  
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Compound Event   Consists of two or more outcomes or simple events.  
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Equally Likely Events   Events that have the same probability of occurring.  
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Classical Probability   Assumes that all outcomes in the sample space are equally likely to occur.  
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Probability Rule 1   The probability of any event E is a number (either a fraction or decimal) between and including 0 and 1.  
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Probability Rule 2   If an event E cannot occur (i.e., the event contains no members in the sample space), its probability is 0.  
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Probability Rule 3   If an event E is certain, then the probability of E is 1.  
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Probability Rule 4   The sum of the probabilities of all the outcomes in the sample space is 1.  
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Complement of an Event E   The set of outcomes in the sample space that are not included in the outcomes of event E.  
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Empirical Probability   Relies on actual experience to determine the likelihood of outcomes.  
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Law of Large Numbers   When a probability experiment is repeated a large number of times, the relative frequency probability of an outcome will approach its theoretical probability.  
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Subjective Probability   Uses a probability value based on an educational guess or estimate, employing opinions and inexact information.  
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Mutually Exclusive Events   Two events cannot occur at the same time.  
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Addition Rule 1   When two events A and B are mutually exclusive, the probability that A or B will occur is P(A or B) = P(A) + P(B).  
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Addition Rule 2   If A and B are not mutually exclusive, then P(A or B) = P(A) + P(B) - P(A and B).  
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Independent Events   If there are two events A and B, and if A occurs it does not affect the probability of B occurring.  
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Multiplication Rule 1   When two events are independent, the probability of both occurring is P(A and B) = P(A)P(B)  
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Dependent Events   When the outcome or occurrence of the first event affects the outcome or occurrence of second event in such a way that the probability is changed.  
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Conditional Probability   An event B in relationship to an event A is the probability that event B occurs after event A has already occurred.  
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Multiplication Rule 2   When two events are dependent, the probability of both occurring is P(A and B) = P(A) x P(B|A).  
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Fundamental Counting Rule   A rule that is used to determine the total number of possibilities in a sequence of events.  
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n! =   n(n-1)(n-2).....1  
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0! =   1  
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Permutation   An arrangement of n objects in a specific order.  
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Combination   A selection of distinct objects without regard to order.  
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