Section 2.1 Flashcards
what is classical probability?
each outcome has same chance of occurring, so probability of an event is
simply the proportion of outcomes in the event
what is frequent probability?
the probability of an event is defined by the long-term relative frequency that it occurs
what is subjective probability?
a probability statement represents a “degree of belief” that the event will occur, so are a personalised/ subjective judgement
what is a random phenomenon?
a situation in which we know what outcomes could happen, but we do not know which particular outcome did or will happen
what is an experiment?
a process that leads to an observation, known as an outcome
what is an event?
a collection of a sample points/ possible outcomes
what is a simple event?
contains a single sample point
what is a compound event?
contains more than one sample point
what are mutually exclusive events?
events that cannot occur at the same time
