Finals

Question 1

Refers to the arrangement (or ordering) of a set of objects, from first to last, where the order in which the objects are selected does matter

Answer 1

Permutation

Question 2

Used to describe the phenomenon of chance or randomness of events to occur.

Answer 2

Probability

Question 3

Methods for making subjective probability assessments

Answer 3

opinion polls, experience, Delphi method

Question 4

Based on examining past data and using logical and mathematical equations involving the data to determine the likelihood of an independent event occurring.

Answer 4

Empirical or Experimental Probability

Question 5

refers to a situation involving chance or probability that produces an event

Answer 5

Experiments

Question 6

Sample space (S)

Answer 6

refers to set of all possible outcomes of an experiment, that is, any subset of the sample space.

Question 7

Refers to one or more of the possible outcomes of a single trial of an experiment.

Answer 7

Event (E)