MIDTERM EXAM

It can be defined as the ratio of the number of favorable outcomes to the total number of outcomes of an event.

It is the average of the data that is being collected.

Type of probability often referred to as the "priori" or "theoretical probability".

It shows the range of possible outcomes and their relative likelihood of occurrence.

It is a summary measure that attempts to describe a whole set of data with a single value.

A type of probability which considers an individual's own belief and feeling and not on a formal mathematical calculation.

It is the middle value of the data.

A type of probability where the chances of occurrence or non-occurrence of any event can be quantified by the applications of axioms.

It is the most commonly occurring value.

A ______ is a kind of average. Instead of each data point contributing equally to the final mean, some data points contribute more "weight" than others.