9628010562 | Priori Classical Probability | Objective probability, obtained from prior knowledge of the process. | 0 | |
9628014373 | Empirical Classical Probability | Objective probability, obtained from the relative frequency of occurrence of an event. | 1 | |
9628020207 | Subjective Probability | Probability that reflects an individual's beliefs that an event will occur. | 2 | |
9628023449 | Random Experiment | A precisely described scenario that leads to an outcome that cannot be predicted with certainty. | 3 | |
9628029400 | Sample Space | Collection of all simple events of a random experiment. | 4 | |
9628031278 | Complement | All simple outcomes not in an event. | 5 | |
9628034042 | Contingency Table Probability | Represents a sample space for joint events classified by two characteristics; each cell represents the joint event satisfying given values of both characteristics. | 6 | |
9628043808 | Venn Diagram | Graphical representation of a sample space; joint events shown as 'unions' and 'intersections' of circles representing simple events. | 7 | |
9628049531 | Marginal Probability | Probability of an event describe by a single characteristic. | 8 | |
9628055146 | Joint Probability | Probability of an occurrence described by two or more characteristics. | 9 | |
9628062141 | Mutually Exclusive | Two events that cannot occur simultaneously. | 10 | |
9628064153 | Collectively Exhaustive | Set of events such that one of the events must occur. | 11 | |
9628075863 | Conditional Probability | Probability of an event, given information on the occurrence of a second event. | 12 | |
9628077560 | Decision Tree | Graphical representation of simple and joint probabilities as vertices of a tree. | 13 | |
9628079924 | Statistical Independence | The occurrence of an event does not affect the occurrence of a second event. | 14 | |
9628081865 | General Multiplication Rule | Used to calculate the probability of the joint event A and B. | 15 | |
9628085655 | Multiplication Rule for Independent Events | Used to calculate the probability of the joint even A and B when A and B are independent. | 16 | |
9628089194 | Bayes' Theorem | Revises previously calculated probabilities when new information becomes available. | 17 | |
9628098563 | Permutation | Ordered selection of items. | 18 | |
9628099293 | Combination | Unordered selection of items. | 19 |
Business Statistics - Chapter 4 - Basic Probability Flashcards
Primary tabs
Need Help?
We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.
For general help, questions, and suggestions, try our dedicated support forums.
If you need to contact the Course-Notes.Org web experience team, please use our contact form.
Need Notes?
While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!