MA3110 STATS CHAPTER 4

Question 1

Any collection of results or outcomes of a procedure

Answer 1

Event

Question 2

An outcome or an event that cannot be further broken down into simpler components

Answer 2

Simple event

Question 3

Consits of all possible simple events and consists of all outcomes that cannot be broken down any further

Answer 3

Sample space

Question 4

Consists of all outcomes in which event A does NOT occur

Answer 4

Complement of event A

Question 5

Ratio P(-A)/P(A) usually expressed in the form of a:b, (or a to b”), where a and b are integers having no common factors

Answer 5

Actual odds against event A

Question 6

The ratio P(A)/P(-A), which is the reciprocal of the actual odds against that event.

Answer 6

Actual odds in favor

Question 7

The ratio of net profit (if you win) to the amount bet.

Answer 7

Payoff odds against event A

Question 8

Any event combing two or more simple events

Answer 8

Compound event

Question 9

Events A and B are ___ if they cannot occur at the same time.

Answer 9

Disjoint or mutually exclusive

Question 10

Two events A and B are ___ if the occurrence of one does not affect the probability of the occurrence of the other.

Answer 10

Independent

Question 11

The ___ of an event is a probability obtained with the additional information that some other event has already occurred. P(B]A) denotes the ___ of event B occurring, given that event A has already occurred.

Answer 11

Conditional probability

Conditional probability

Question 12

A ___ of a procedure is a process that behaves the same way as the procedure, so that similar results are produced.

Answer 12

Simulation