Test 1 Study Guide
MATH 1307 | Spring 2016
SECTION 1.1 | Percent
I.
PERCENT CHANGE
a. Formula:
If the amount in the latest period is greater than the amount in the previous period, the answer will be positive; if the
amount in the latest period is smaller
CHAPTER 2 | Probability
SECTION 1: THE NATURE OF PROBABILITY
A. Definitions:
Experiment a controlled operation that yields a set of results
Outcomes the possible results of an experiment
Event a sub collection of outcomes of an experiment
B. Types of Prob