CCT226H5 Chapter Notes - Chapter 4: Empirical Probability, Collectively Exhaustive Events
12 Mar 2014
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Document Summary
Probability a value between 0 and 1, inclusive, describing the relative possibility (chance or likelihood) an event will occur. Three key words are used in the study of probability: experiment, outcome and event. Experiment is the process that leads to the occurrence of one and only one of several possible observations. Outcome is the particular result of an experiment. Event is a collection of one or more outcomes of an experiment. Approaches to probability objective and subjective viewpoints. Objective probability is subdivided into classical probability and empirical probability. Classical probability is based on the assumption that the outcomes of an experiment are equally likely. The variable gender" presents two mutually exclusive outcomes, male and female. If an experiment has a set of events that includes every possible outcome, such as the events an even number" and an odd number" in the die=tossing experiment, then the set of events is collectively exhaustive.
