Math: Probability Definitions

Empirical

based on, concerned with, or verifiable by observation or experience rather than theory or pure logic

Relative Frequency of Outcomes

the ratio of the occurrence of a singular event and the total number of outcomes

Compound Event

A compound event is one in which there is more than one possible outcome

Probability

A measure of the likelihood of an event.

Probability Model

A probability model is a mathematical representation of a random phenomenon

Simple Event

Simple events are the events where one experiment happens at a time and it will be having a single outcome.

Experimental Probability

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

Sample space

The set of all possible outcomes from an experiment.

Tree diagram

Tree diagrams display all the possible outcomes of an event.

Simulation

An experiment that models a real-life situation

Event

Any possible outcome of an experiment in probability.

Chance Process

Approximate the probability of a chance event by collecting data on the chance process that produces it and observing its long-run relative frequency, and predict the approximate relative frequency given the probability

Independent events

Events whose outcomes do not influence each other.

Theoretical Probability

The mathematical calculation that an event will happen in theory.