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CSU - Bus 201 - study guide - Study Guide

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CSU - Bus 201 - study guide - Study Guide

School: Cleveland State University
Department: Business
Course: Applied Business Statistics
Professor: John David Smith
Term: Spring 2019
Tags: Stats
Name: study guide
Description: These notes will cover what is on the exam
Uploaded: 03/22/2019
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4 Pages 69 Views 55 Unlocks
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Join more than 18,000+ college students at Cleveland State University who use StudySoup to get ahead
School: Cleveland State University
Department: Business
Course: Applied Business Statistics
Professor: John David Smith
Term: Spring 2019
Tags: Stats
Name: study guide
Description: These notes will cover what is on the exam
Uploaded: 03/22/2019
4 Pages 69 Views 55 Unlocks
  • Better Grades Guarantee
  • 24/7 Homework help
  • Notes, Study Guides, Flashcards + More!

Unformatted text preview: Probability - A HAWE KituteAl ZERO HOMIC jelusive, describina the delative possibility (chures on kind) An Evenit will occur. Experti merst, Outopanky 9. Everit - AN EXPERi mast is a process that lads to the OCELLENCE of one Odily one of sevumi possibl6 sults, - Alu ouflone is the particular Result of Art EXPERIMEASE. AN EVENT is the collection of one or more OUTCOMES of me Experiment. Kollide A dit is an experimisest Out Ceme is best it lourds on! Cvart is the collectroki of W MANY VIALES it louds 0 A PALICULAR. Member Commet Lule Example: (8)= i-P(B) = 1-6 If the publicity of the first Outcom is by the logically, and by the Complemast pulb, probability of che sotters is (1.0-.01,39urgs 10 Missiges Probabilities -- thae Alb 3 ways Ho Assige probabilities: o Cl ssical - based on the Assumptioue What those imupis way outcome of the Experiment fikz gially likedy 50/50 Rulo) . . Empicieni - the probability of tikl Excal* happensies is Has Leaction of the time simular Evet Topposed in the past. Chata po V. DE plast but Applying to ALB +) Subjetivo - tfic fibihood of the pitticular Evenst Amppen ise that's Assigned by an individual based on Winte vet in for paperica! is Available (Subject xistitek quess, Asking All expert) Classical probability is like Rollina Adio Arid the di will ONS A t Aurd'he Chanc Empirical probability is based on what is called tho Le of Lego Dumbels 305 SC -0.8369 Small barndoss Watters, but lang kuwbs Act- 50 Wh 2,06 700 600 00306Les o Adding for Limpotibus probabilis Social Rule of Additieu In the archits A and B Nu mentually Exclusive, ki potobability of SN6 CL the chaol Event Coung ipuis Hes Sum of this pichabilities P omo) - PCA) + PCB) de a Questions, USE A plus It's A plus questical use of Gemoen! Ruleef Addisions - If A Ned B Are two LJENIS that all ist Midlet bley Exclusive, the PCA * B) is given by the pollowing: Pawab) - P(A) + P(8) -p (:2113) also called her to ties) Suicial Rule of Multiplications - Criculates tiw joint plebabplives of two vols pard B test ma dopaski (usually whes word suid is used) P6.60) P6.60 (36)

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