MATH REVIEWER

• What is the formula for the probability of an event? (word version)

  Probability of an event = number of favorable outcomes/number of possible outcomes
• What is the formula for the probability of an event?

  P(E) = number of favorable outcomes/number of possible outcomes
• Probability - It is the branch of mathematics concerned with analyzing the chance that a particular event will occur. Its purpose is to attempt to predict the likelihood that something will or will not happen.
• Outcome - each possible result of a probability experiment
• sample space - the set of all possible outcomes
• event - is any subset of a sample space
• Experimental Probabilty - It is the ratio of the number of favorable outcomes and the total number of possible outcomes obtained in an actual experiment.
• Theoretical Probability - It is the ratio of the number of favorable outcomes and the total number of possible outcomes.
• What is the formula of FCP?

  m x n
• FCP - Fundamental Counting Principle
• (True or False) The experimental probability of an event is the same as its theoretical probability. - TRUE
• (True or False) The theoretical probability of an event may vary with each experiment. - TRUE
• (True or False) The theoretical probability of getting a head when a coin is flipped is 1/2 - FALSE
• (True or False) The theoretical probability of an event is constant. - TRUE
• (True or False) As an experiment is repeated more number of times, its experimental probability gets closer to its theoretical probability. - FALSE