Penny Problem
Dp update
Probability Definitions• Probability: The extent to which something is probable.
• Observed Probability: In probability and statistics, a realization, observation, or observed value, of a random variable is the value that is actually observed
• Theoretical Probability: Probability based on reasoning written as a ratio of the number of favorable outcomes to the number of possible outcomes
• Conditional Probability: The probability of an event ( A ), given that another event ( B ) has already occurred.
• Probability of Multiple Events: Use the specific multiplication rule formula. Just multiply the probability of the first event by the second.
• Expected Value: A predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
• Two-Way Tables: A two-way table organizes data about two categorical variables.
• Tree Diagram: A thing that has a branching structure resembling that of a tree.
• Joint Probability: A joint probability is a statistical measure where the likelihood of two events occurring together and at the same point in time are calculated.
• Marginal Probability: In probability theory and statistics, the marginal distribution of a subset of a collection of random variables is the probability distribution of the variables contained in the subset
• Observed Probability: In probability and statistics, a realization, observation, or observed value, of a random variable is the value that is actually observed
• Theoretical Probability: Probability based on reasoning written as a ratio of the number of favorable outcomes to the number of possible outcomes
• Conditional Probability: The probability of an event ( A ), given that another event ( B ) has already occurred.
• Probability of Multiple Events: Use the specific multiplication rule formula. Just multiply the probability of the first event by the second.
• Expected Value: A predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
• Two-Way Tables: A two-way table organizes data about two categorical variables.
• Tree Diagram: A thing that has a branching structure resembling that of a tree.
• Joint Probability: A joint probability is a statistical measure where the likelihood of two events occurring together and at the same point in time are calculated.
• Marginal Probability: In probability theory and statistics, the marginal distribution of a subset of a collection of random variables is the probability distribution of the variables contained in the subset