Chapter 17 - Chapter 17 Thinking About Chance Motivation...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 17 Thinking About Chance
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Motivation Classic example: What are my chances of getting heads if I flip a coin. What assumptions are made If I flip the coin twice what proportion of the time will I get heads? Possible proportions: 0, ½, 1 If I flip the coin 10 times what proportion of the time will I get heads? Possible proportions: 0, 1/10, 2/10, . . If I flip the coin forever, what happens?
Background image of page 2
Outline The Idea of Probability Myths About Chance Personal Probabilities Probability & Risk
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The Idea of Probability
Background image of page 4
Definition A phenomenon is random if individual outcomes are uncertain but a regular distribution of outcomes is observed in a large number of repetitions. For a random phenomenon, we do not know what will happen for each repetition. We do know what will “tend” to happen.
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Definition The probability of any outcome of a random phenomenon is a number that describes the expected proportion of times the outcome would occur in a very long series of repetitions.
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/15/2011 for the course STAT 110 taught by Professor Johnson during the Fall '07 term at South Carolina.

Page1 / 20

Chapter 17 - Chapter 17 Thinking About Chance Motivation...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online