Definitions
What is the definition of Probability?
The likely hood of an outcome.
What level of measurement is the most broad?
Nominal
What letter represents the total number of individuals in a venn diagram study?
N
The word used to describe the average money or material won in a game is the...
Expected Value
This word describes a tool used to save money, effort, and time.
Simulation
What is the definition of Outcome?
One possible result of probability.
Which level of measurement contains no meaningful zero?
Interval
When filling out a venn diagram, which category should be filled out first?
The common intersection.
To add all numbers and divide by how many there are is the formula to...
In order to generate 100 numbers, the RN would be between these two numbers.
00-99
What is the definition of 'Random?'
outcomes that occur at random if each outcome is equal.
Which level of measurement includes all characteristics of Interval, except for the existence of zero
Ratio.
In order to complete a venn diagram, one must draw a box in this location.
Surrounding the diagram.
The four parts of an expected value chart are...
Categories, Probability, Value, and Probability Value
When theoretical probability is given in a percent or decimal, one must generate how many random numbers?
100
What is the definition of a Sample Event?
Which two levels of measurement are qualitative?
Mutually exclusive events are a result of...
In order to receive the PV in an expected value chart, one must multiple which two variables
Probability and Value
The final variable of a simulation chart includes what?
The conclusion
What is the definition of Dependent vs. Independent?
Dependent is without replacement, and Independent is with replacement.
Which level of measurement can be ranked, but differences between ranks do not exist.
Ordinal
This word and letter represents the addition rule, used to combine numbers in a probability.
Union, U
To obtain the expected value, one must subtract this variable from the charts results.
If probability is given in what form, only general number is the common denominator
Fraction.