Probability and Statistics

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 is a histogram?

Back

A histogram is a graphical representation of the distribution of numerical data, showing the frequency of data points within specified ranges (bins).

Front

What does it mean to have a 26% chance of winning?

Back

It means that out of 100 trials, you can expect to win approximately 26 times.

Front

What is the median in a data set?

Back

The median is the middle value when the data points are arranged in ascending order.

Front

How do you calculate the range of a data set?

Back

The range is calculated by subtracting the smallest value from the largest value in the data set.

Front

What is a box plot?

Back

A box plot is a standardized way of displaying the distribution of data based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.

Front

What does 'at least' mean in probability?

Back

'At least' means that the event can occur at that number or any number greater than it.

Front

What does 'at most' mean in probability?

Back

'At most' means that the event can occur at that number or any number less than it.

Front

How do you interpret a frequency distribution?

Back

A frequency distribution shows how often each value occurs in a data set, helping to identify patterns or trends.

Front

What is the significance of 50% odds?

Back

50% odds indicate an equal chance of winning or losing an event.