Flashcards in MA3110 STATS CHAPTER 4 Deck (12):
Any collection of results or outcomes of a procedure
An outcome or an event that cannot be further broken down into simpler components
Consits of all possible simple events and consists of all outcomes that cannot be broken down any further
Consists of all outcomes in which event A does NOT occur
Complement of event A
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
Actual odds against event A
The ratio P(A)/P(-A), which is the reciprocal of the actual odds against that event.
Actual odds in favor
The ratio of net profit (if you win) to the amount bet.
Payoff odds against event A
Any event combing two or more simple events
Events A and B are ___ if they cannot occur at the same time.
Disjoint or mutually exclusive
Two events A and B are ___ if the occurrence of one does not affect the probability of the occurrence of the other.
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.