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What term define the number of possible outcomes?
probability
Is it possible to define a probability on a countably infinite sample space so that the outcomes are equally probable?
No, it is not.
What does theoretical probability mean in math terms?
Sometimes it is possible to define a model for a trial or experiment and then use mathematical or scientific rules to determine the probability of the possible outcomes. Such a procedure gives theoretical probabilities.
When looking at 2 possible events how do you calculate the probability?
are they dependent or independent? define success and failure for the 2 events. probability of success (EX: drawing a face card) = number of possible successes / total possible events. Multiply the two separate probabilities to get the probability that both occur.
How does Mugenda and Mugenda define sample size?
According to research made at multiple websites; Mugenda and Mugenda, which is a company that focuses on research methods for various areas, define sample size by using statistics data and probability.
What term define the number of possible outcomes?
probability
Define The likely hood that a particular event will occur?
The likelihood that a particular event will happen is the probability of that event.
Define probabilistic system?
A probabilistic system is one that is governed by probability. Its behavior cannot be predicted exactly, but the probability of certain behaviors can be known.
Is it possible to define a probability on a countably infinite sample space so that the outcomes are equally probable?
No, it is not.
What is the probability that the random variable has a value less than 5?
That depends on the rules that define the random variable.
What does theoretical probability mean in math terms?
Sometimes it is possible to define a model for a trial or experiment and then use mathematical or scientific rules to determine the probability of the possible outcomes. Such a procedure gives theoretical probabilities.
When looking at 2 possible events how do you calculate the probability?
are they dependent or independent? define success and failure for the 2 events. probability of success (EX: drawing a face card) = number of possible successes / total possible events. Multiply the two separate probabilities to get the probability that both occur.
How does Mugenda and Mugenda define sample size?
According to research made at multiple websites; Mugenda and Mugenda, which is a company that focuses on research methods for various areas, define sample size by using statistics data and probability.
Define the probability of something happening?
The probability that something will happen is the number of times that that something can occur divided by the number of times that anything can occur. An example would be to consider a standard deck of 52 cards. There are 4 sevens in the deck, so the probability of drawing a seven is 4 in 52, or 1 in 13, or about 0.0769.
How do you define 'high risk' in regards to the stock market?
It's a stock that has a relatively high probability of decreasing in value. A company on the verge of bankruptcy is definitely a high risk stock.
What does it mean to find the compliment of the probability of an event?
The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.
How does one find the probability of A and B compliment?
Define your event as [A occurs and B does not occur] or as [A occurs and B' occurs] where B' is the complement of B. Equivalently, this is the event that [A and B' both occur].
