The value we’d expect to see ON AVERAGE if we keep on repeating the event.
What is Expected Value?
200
Tuesday, December 17th from 5-7pm.
What is the date of our WOW!?
200
A mathematical theory to find the best strategy OR
The study of strategic decision making!
What is Game Theory?
200
The likelihood of a particular outcome occurring.
What is Probability?
300
A fancy way of saying an ordering!
What is Permutation?
300
An exclamation point used as shorthand for multiplication.
What is a Factorial?
300
Probability of an event P (event) =
Number of possible outcomes where event happens
________________________________________
Total number of possible outcomes
What is Calculating Probability or How to Calculate Probability?
400
A subject in math about counting how many things exist of a certain type.
What is Combinatorics?
400
A way to estimate the actual probability of an event.
What is Experimental Probability?
500
List out all the possible values.
Multiply each value by its probability of happening.
Add these numbers together.
What is How You Calculate Expected Value?
500
The mathematical rule that the more times you do the same event, the closer the average value between your trials will be to the expected value.
What is the Law of Large Numbers?
500
Number of trials when event occurs
___________________________________
Total Number of trials
What is How You Calculate Experimental Probability?