STAB22H3 Chapter 14: STAB22- Chapter 14, Butler, Summer 2012, Textbook Notes

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STAB22H3 Full Course Notes
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Random in the short-term, predictable in long-term (ex) flipping a coin. Cannot predict oucome of one flip b/c its random. But if its fair coin, then can predict proportion of heads likely to see in long- term. Focus of this chapter and subsequent: long-term predictability of randomness. Ex. weather forecaster says that there is 40% chance of rain, and they did this by looking at past maps that"re similar to today"s, and finding % of those that were rainy days. Ex. odds of winning 6/49 jackpot are 1 in 14 million. Susie arrives at her likelihood getting an a based on how she views course material, her study habits and her optimistic views p377. Whether light is red, green, or yellow as you reach intesection. Pattern of own driving is random certain time interval"s. Its not signal lighting, b/c that is lit a certain colour precisely at, and for.

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