International Business QNM222 Chapter Notes -Sample Space, Xu, Conditional Probability
12 Mar 2014
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Ontario automobile license plates (in general) are composed of four letters followed by three numbers, the total possible outcomes (license plates) ____________ A billiard of 10 balls, each has a number from 0 to 9, form a number contains 10 digits. The possible outcomes (different numbers can be formed) ____________ From a group of 4 colors, form a set of 3 colors. Random experiment is an action or process that leads to one of several possible outcomes: exhaustive outcomes: list of all possible outcomes, mutually exclusive: any two outcomes cannot occur at the same time. Sample space of a random experiment is a list of all possible outcomes of the experiment. The outcomes must be exhaustive and mutually exclusive. We use the notation s = {q1, q2, , qk) to represent sample space & outcomes. The probability of any outcome must lie between: ____________ The sum of the probabilities of all the outcomes in a sample space must be: ____________
