Relatjve Frequancy And Risk Flashcards
1
Q
What is relative frequency
A
The frequency relative to the total number of trials
2
Q
Relative frequency equation
A
Probability of something happening = number of times it happened / number of trails
3
Q
What makes the probability more accurate
A
The more trials the more accurate the probability will be
4
Q
How can relative frequency help spot bias
A
Can you find out if a coin spinner or dice is fair
5
Q
Estimated probability of a risk equation
A
Estimate the probability of risk = Risk of it happening / the number of things 
6
Q
What is absolute risk
A
How likely an event is to happen
7
Q
What is relative risk
A
How much more likely an event is happening to one group compared to another
8
Q
Relative risk equation
A
Risk for group A / risk for group B
