Quiz 2 Flashcards
Define percentile
Measures of location (P sub 1,2,3,etc) which divide a set of data into 100 groups with about 1% of the values in each group
Ex) Psub50=50% of the data above and below it
L=
(k/100)(n)
Define event
Any collection of results or outcomes of a procedure
Define simple event
And out come or event that cannot be further broken down into any simple components
Define sample space
All possible simple events
Define the law of large numbers
As a procedure is repeated again and again, the relative frequency probability of an event tents to approach the actual probability
What is an unlikely event
An event that has a small probability (.05 or less$
What is an unusual event
Extreme result (far above or below typical values)
What is a compound event
Any event combining two or more simple events
When are events disjoint
If they cannot occur at the same time