BUAL 2600 Yan Exam 2 Questions and Correct Answers
Experiment - Answer-any process of observation with an uncertain outcome
Ex: Flipping a coin
Experimental Outcomes - Answer-possible outcomes for an experiment
Probability - Answer-A measure of the chance that an experimental outcome will occur
when an experiment is carried out
sample space - Answer-the set of all possible experimental outcomes
classical method of assigning probabilities - Answer-For equally likely outcomes
Ex: Rolling a die
relative frequency method of assigning probabilities - Answer-Using the long run relative
frequency
subjective of assigning probabilities - Answer-assessment based on experience, expertise, or
intuition
probability model - Answer-a mathematical representation of a random phenomenon
random variable - Answer-a numerical description of the outcome of an experiment
probability distribution - Answer-a probability model describing a random variable
2 types: discrete and continuous
Event - Answer-a set of sample outcomes
Experiment - Answer-any process of observation with an uncertain outcome
Ex: Flipping a coin
Experimental Outcomes - Answer-possible outcomes for an experiment
Probability - Answer-A measure of the chance that an experimental outcome will occur
when an experiment is carried out
sample space - Answer-the set of all possible experimental outcomes
classical method of assigning probabilities - Answer-For equally likely outcomes
Ex: Rolling a die
relative frequency method of assigning probabilities - Answer-Using the long run relative
frequency
subjective of assigning probabilities - Answer-assessment based on experience, expertise, or
intuition
probability model - Answer-a mathematical representation of a random phenomenon
random variable - Answer-a numerical description of the outcome of an experiment
probability distribution - Answer-a probability model describing a random variable
2 types: discrete and continuous
Event - Answer-a set of sample outcomes
