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Module 13: Theoretical Probability and Statistics
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Terms in this set (7)
Complement
The set of all outcomes that are not the event.
Compound Event
An event made up of two or more simple events.
Experiment
In probability, any activity based on chance, such as tossing a coin.
Outcome
A possible result of a probability experiment.
Simple Event
An event consisting of only one outcome.
Probability
A number from 0 to 1 (or 0% to 100%) that describes how likely an event is to occur.
Theoretical Probability
The ratio of the number of ways an event can occur to the total number of equally likely outcomes.
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