Flashcards in Unit 5 Vocabulary Deck (14):

1

## The repeated observation of random outcomes of a given event.

### Chance Process

2

## Any event which consists of more than one outcome.

### Compound Event

3

## A probability model based upon observed data generated by the process. Also, referred to experimental probability.

### Empirical

4

## Any possible outcome of an experiment in probability. Any collection of out comes of an experiment. Formally, an event is any subset to sample space.

### Event

5

## The ratio of the number of times an outcome occurs to the total amount of trials preformed.

### Experimental Probablility

6

## Two events are independent if the occurrence of one of the events gives us no information about wether or not the other event will occur, that is, the events have no influence on each other.

### Independent Events

7

## A number that can be listed as a number between 1 and 0.

### Probability

8

## It provides a probability for each possible non overlapping outcome for a change process so that the total probability over all such outcomes is unity. This can be either theoretical or experimental.

### Probability Model

9

## Also experimental probability

### Relative Frequency of Outcomes

10

## All possible outcomes of a given experiment.

### Sample Space

11

## Any events which consists of a single outcome in the sample space. A simple event can be represented by a single branch of a tree diagram.

### Simple event

12

## As technique used for answering real-world questions or making decisions in complex situations where an element of chance is involved.

### Simulation

13

## The mathematical calculation that an event will happen in theory. It is based on the structure of the processes and its outcomes.

### Theoretical Probablility

14