Probability

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  • Created by: Emily.J
  • Created on: 05-11-17 12:08
What is probability?
Probability describes how likely a future event is.
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Impossible-
Definately cannot happen.
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Unlikely-
Low chance.
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Evens-
Equal chance.
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Likely-
High chance.
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Certain-
Definately will happen-
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What probabilities must add up to-
1.
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Trial-
One performance of a probability experiment (do something once).
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Outcome-
A possible result from a trial (something that could happen).
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Event-
A set of outcomes meeting some criteria.
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Equally likely outcomes-
every outcome has the same chance of occuring.
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Probability of an event=
Number of equally likely outcomes that belong to an event/ Total no. outcomes.
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Expected value=
Reward x Probability.
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Mutually exclusive events-
When we have considered all the different possibilities and they don't overlap, we know the probabilities add up to 1 ( mutually exclusive event).
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What does P (A) = 1- P (A') mean?
Probability of A happening = 1- Probability of a not happening.
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What is experimental probability used for?
We can use experimental probability to find the probability of outcomes for more complex events.
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What should happen as more trials are done?
The experimental probability should get closer to the theroretical probability.
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Relative frequency=
The number of times an event occured out of the total number of trials OR times event happened/ total trials.
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Expected probability=
Probability (of event occuring) x number of (future) trials.
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Other cards in this set

Card 2

Front

Impossible-

Back

Definately cannot happen.

Card 3

Front

Unlikely-

Back

Preview of the front of card 3

Card 4

Front

Evens-

Back

Preview of the front of card 4

Card 5

Front

Likely-

Back

Preview of the front of card 5
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