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Statistics Randomness to Probability Flashcards | StudBud
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Statistics Randomness to Probability
We often require events to be independent-
Formal Probability is-
Statistics Randomness to Probability
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#Statistics
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1
Formal Probability is-
Probability must be between 0 and 1
All probabilities must =1
Events that have no outcomes in common
Independent assumption
2
We often require events to be independent-
Outcome
Independence Assumption
Informal Independence
Theoretical Probability
3
What is the occassion upon we observe a random probability?
Outcome
Trial
Event
Sample space
4
What is it called when outcomes are possible but not which exact outcome will happen?
Phenomenon
Assorted Phenomenon
Random Phenomenon
Exact Phenomenon
5
First 3 rules for working with probability is-
Make a picture
Probability plot
Venn diagram
Jihn Keynes graph
6
What rule is when all probabilities must equal 1 for a trial
Complement Rule
Additional Rule
Assignment Rule
Formal Probability
7
P(A or B) = P(A)+P(B)
Multiplication Rule
Complement Rule
Division Rule
Addition Rule
8
What is based on repeated observation of outcomes?
Event Probability
Empirical Probability
Independent Probability
Law of Probability