Class 5 Spring π· Flashcards
What is the definition of probability?
A branch of pure mathematics about numerical description of the likelihood of an event
What is the definition of statistics?
The collection, organization, displaying, analysis, interpretation, and presentation of data
What does probability help quantify?
Uncertainty
What is the difference between probability and statistics?
Probability is about chance; statistics is about data
What is a simple (marginal) probability?
The probability of an event indicating how likely it is to occur
What is the range of probability values?
0.0 to 1.0 (inclusively)
What does a probability of 0.0 indicate?
Impossibility
What does a probability of 1.0 indicate?
Certainty
Define an event in probability.
A single or a set of outcomes from an experiment or process
What is the probability of getting any 1 number with a fair die?
1/6
What does the Law of Large Numbers (LLN) state?
As more observations are collected, the proportion of occurrences converges to the mathematical probability
What is the common misunderstanding of the Law of Large Numbers?
That random processes compensate for past events (gamblerβs fallacy)
What are disjoint (mutually exclusive) outcomes?
Outcomes that cannot happen at the same time
Give an example of a disjoint outcome.
A single coin toss cannot be both heads and tails
What are non-disjoint outcomes?
Outcomes that can happen at the same time
What is the addition rule for disjoint outcomes?
P(A or B) = P(A) + P(B)
What is the general addition rule for non-disjoint outcomes?
P(A or B) = P(A) + P(B) - P(A and B)
Fill in the blank: The probability of an outcome is the proportion of times the outcome would occur if we observed the random process an _______ number of times.
infinite
True or False: The probability of rolling a 1 or a 2 on a fair die is 1/3.
True
What is the probability of selecting a diamond from a standard deck of cards?
13/52 = 0.250
What is the probability of selecting a face card from a standard deck of cards?
12/52 = 0.231
What is the probability of selecting a card that is both a diamond and a face card?
Calculated using the general addition rule, accounting for double counting
What is a common application of probability in statistics?
Planning a sampling strategy to draw research samples from a larger population
What is the probability of getting heads on the 11th toss after getting heads on the first 10 tosses?
0.5