Definition
- Probability is the study of the likelihood that an event will occur or the study of chance that a particular event will happen.
- It is quantified between 0 and 1
Terms In Probability
- Experiment: is a process that produces a single outcome whose result cannot be predicted with certainty
- Sample Space: a collection of all outcomes that can result from a decision, selection, or experiment.
- Sample Point: each individual outcome in the sample space. its also referred to as “element”
- Discrete sample space: it contains finite or infinite countable number of elements.
- Continuous sample space: consist of points on the line segment, (decimals)
- Events: set of favorable outcomes in a sample space.
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