Predictions with Probability

Front

What is Probability?

Back

Probability is a measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Front

What does a Probability of 0 mean?

Back

A probability of 0 means that the event will not occur.

Front

What does a Probability of 1 mean?

Back

A probability of 1 means that the event is certain to occur.

Front

What is a Sample Space?

Back

A sample space is the set of all possible outcomes of a probability experiment.

Front

What is an Event in Probability?

Back

An event is a specific outcome or a set of outcomes from a sample space.

Front

What is the formula for calculating Probability?

Back

Probability (P) = Number of favorable outcomes / Total number of possible outcomes.

Front

What is a Favorable Outcome?

Back

A favorable outcome is an outcome that satisfies the conditions of the event.

Front

What is the difference between Independent and Dependent Events?

Back

Independent events do not affect each other's outcomes, while dependent events do.

Front

What is a Compound Event?

Back

A compound event is an event that combines two or more simple events.

Front

What is the Law of Large Numbers?

Back

The Law of Large Numbers states that as the number of trials increases, the experimental probability will get closer to the theoretical probability.