Statistical Literacy One standard for admission to Redfield College is that the student must rank in the upper quartile of his or her graduating high school class. What is the minimal percentile rank of a successful applicant?

Lecture 9/25/2017 → Chapter 3: Probability ← SECTION 3.1 Probability: A number between 0 and 1 representing how likely it is that an event will occur. Random Experiment: An experiment whose outcome is not known until it is observed. Sample Space (S): a set of outcomes of a random experiment. Every possible outcome must be listed once and only once. Sample Point: An element of the sample space. Event: A subset of the sample space. That is, any collection of outcomes forms an event. EVENTS, like sets, are represented using capital letters: A, B, etc. Experiment: Toss a coin twice and observe the result. o Sample Space: S = {HH, HT, TH, TT} o An example of a sample point is: HT. o Let A be the event that there is exactl