Probability Concepts and Applications

Descriptive and Inferential

Qualitative and Quantitative

Practical and Hypothetical

Experimental and Theoretical

0 to 1

0 to 100

1 to 10

0 to 10

0.681

0.781

0.581

0.481

Mathematical calculations

Future predictions

Past performance

Random guesses

A type of dice

A controlled model of an event

A random number generator

A card game

To replace theoretical calculations

To calculate exact probabilities

To predict future events

To simulate equal chances of events

Mathematically computed likelihood of an event

Based on past events

Probability based on simulations

Randomly guessed probability

6

2

8

4

1/6

1/12

1/3

1/2

Building sample spaces

Predicting future events

Simulating random events

Calculating past probabilities