MA3110 STATS CHAPTER 4 Flashcards Preview

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Flashcards in MA3110 STATS CHAPTER 4 Deck (12):
1

Any collection of results or outcomes of a procedure

Event

2

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

Simple event

3

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

Sample space

4

Consists of all outcomes in which event A does NOT occur

Complement of event A

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

Actual odds against event A

6

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

Actual odds in favor

7

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

Payoff odds against event A

8

Any event combing two or more simple events

Compound event

9

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

Disjoint or mutually exclusive

10

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

Independent

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.

Conditional probability
Conditional probability

12

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

Simulation