Probability
what is probability?
the likelihood of an event happening
8P8
40320
what is a fair game?
the cost of the game is equaled to the expected value
what is continuous and discrete
the two branches of quantitative data
What is the definition of AND or OR in probability?
Multiplication and Addition
8P7
8
what is expected value?
how much money you win per game, on average
what does 99.7%, 95%, 68% mean
the empirical rule
How many types of probability are there, and what are they?
There are 2 types:
Experimental probability
Theoretical probability
A coffee shop offers twenty different types of syrup. If no type of flavor is used more than once, in how many different ways can a coffee with four syrup be formed?
combination problem
what are equal outcomes used for?
How many random numbers are generated in Simulations?
100
What is mutually exclusive?
two or more events that cannot happen at the same time
a school talent show has 10 entries, how many different ways can the students finish first, second, and third
permutation
Two players are playing a game, with a dice, with the numbers 1-6 on it. Player 1 earns a point if they roll a 1,3, and 5. Player 2 earns a point if they roll any number. Is this game fair why or why not?
Unfair, because player 2 will score everytime.
what happened is the "up and Down" both equal 0
that a simulation is completed successfully
There are 8 cats, 9 bunnies, and 2 dogs at a surprise pick animal shelter, what is the probability of selecting a cat?
8/19
a lottery has 90 numbers, in how many different ways can eight numbers be selected if order is not relevant
combination problem
Two players are flipping a penny to see who gets to go first in their game. Player one gets to go first if they flip heads, and player two gets to go first if they flip tails. Is this game fair, why or why not?
Fair, because they both have an equal chance of flipping their respective side.
what should you do if the theoretical probability is given in the form of percent or decimal?
generate 100 numbers