PROBABILITY TERMS

It is a chance process that leads to a well-defined result called an outcome.

• Probability Experiment

• Outcome

• Sample Space

• Sample Point

It is the chance that something will happen. Events cannot be predicted with total certainty.

We can say, “How likely they are to happen.”

• Event

• Outcome

• Probability

• Sample Point

In probability, it is the result of a single trial of an experiment.

• Probability Experiment

• Outcome

• Sample Space

• Sample Point

It is the set of all the possible outcomes or sample points.

• Probability Experiment

• Outcome

• Probability

• Sample Space

It is just one of the possible outcomes.

• Probability Experiment

• Outcome

• Sample Space

• Sample Point

It is any set of one or more outcomes satisfying some given conditions.

• Event

• Outcome

• Probability

• Sample Point

It is what is expected to happen.  It is a probability in which each event is assumed to be equally likely.

• Theoretical Probability

• Experimental Probability