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Flashcards in A Deck (5)
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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