5 terms

When are trail independent?

if the outcome of one trial does not influence the outcome of any other trial

sample space S

the set of all possible outcomes of a random phenomenon

continuous random variable

takes all values in an interval of numbers

discrete random variable

has possible values that can be given in an ordered list

law of large numbers

as the number of observations drawn increases, the mean x bar of the observed values eventually approaches the mean µ of the population as closely as you specified and then stays that close