Probability
The _____ of an event that always falls between 0 and 1.
What is Probability?
The return you can expect for some kind of action.
What is Expected Value?
The set of raw data is a value for which half of the data is less than half of the data greater than.
What is Median?
When data is normally distributed, the ____ shows what percentage of data falls within certain distances from the mean.
What is Empirical Rule?
Two events that have no outcomes in common. If one happens, the other will not.
What is Mutually Exclusive Events?
The list of all possible outcomes.
What is Sample Space?
When the expected value is zero. No one wins or loses.
What is Fair Game?
Measures how far one data point is from the mean.
What is Deviation?
Falls within 1 Standard Deviation of the mean.
What is 68%?
Whatever is true is A, whatever is not A is ~A, it is a _____ of A.
What is Complement?
A limitation of probability's value.
What is Negativity?
Probability x Value + P x V + ....
What is the Formula of Expected Value?
In ____ data, exact data values are not known; data is instead categorized by class intervals and frequencies.
What is Grouped Data?
Falls within 2 standard deviations from the mean
What is 95%?
Will only be true is BOTH statements are true.
The smallest value that a probability can ever be.
What is Zero?
The square root of variance
What is Standard Deviation?
This is an approximation of the dataset's average distance from the mean.
What is Standard Deviation?
Falls within 3 standard deviations from the mean.
What is 99.7%?
Applies wethier or not the events are mutually exclusive.
What is the Additive Rule?
A set of outcomes.
What is an Event?
What is the difference between two values? (Dispersion related)
What is Deviation?
What is Mean and Median?
A measure of dispersion and uses the deviations from the mean for all data values.
What is Variance?
P(AUB)=P(E)+P(B)-P(EnP)
What is OR, excluding the double counted overlap when two events are not mutually exclusive?