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- the proportion of times that something happens is highly random and variable in the short run but very predictable in the long run
- individual outcomes are unpredictable
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| Set of all possible outcomes (S) |
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- an outcome or a set of outcomes of a random phenomenon
- a subset of the sample space
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| a mathematical description of a random phenomenon consisting of a sample space and a way of assigning probabilities to events |
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| Two events A & B are ____ if knowing that one even alone did or did not occur tells us nothing about the occurence of the other event |
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