Probability - weighted or fixed ) has an equal chance of...

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Probability One of the most familiar uses of statistics is to determine the chance of some  occurrence. For instance, what are the chances that it will rain tomorrow or that the  Chicago Cubs will win a World Series? These kinds of probabilities, although  interesting, are not the variety under discussion here. Rather, we are examining the  probability in statistics that deals with classic theory and frequency theory—events that  can be repeated over and over again, independently, and under the same conditions. Coin tossing and card drawing are two such examples. A  fair coin  (one that is not 
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Unformatted text preview: weighted or fixed ) has an equal chance of landing heads as landing tails. A typical deck of cards has 52 different cards13 of each suit (hearts, clubs, diamonds, and spades) and each card or suit has an equal chance of being drawn. This kind of event forms the basis of your understanding of probability and enables you to find solutions to everyday problems that seem far removed from coin tossing or card drawing. Probability helps us describe our conclusions in a way that takes the uncertainty from random sampling into account....
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This note was uploaded on 11/15/2011 for the course QMST 2333 taught by Professor Mendez during the Fall '08 term at Texas State.

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