A Flashcards
define a random variable, an outcome, an event, mutually exclusive events, and exhaustive events
1
Q
Random Variable
A
A quantity whose outcomes are uncertain
2
Q
Outcome
A
A specific value of a random variable
3
Q
Event
A
An outcome or specified set of outcomes of a random variable
4
Q
Mutually Exclusive Events
A
Only one event can occur at a time…two events that cannot both occur… So the probability of both occurring is 0 (because only ONE event can occur at a time)
5
Q
Exhaustive Events
A
The events cover all possible outcomes
