QUESTION IMAGE
Question
fill in the blank 3 points two events such that the act of doing one event does not affect the probability of the other event: choose your answer... two events where the act of doing one event does affect the probability of the other event: choose your answer... the probability of one event knowing that another event has already occurred: choose your answer... the average value one would expect to get in the long run with a situation whose outcomes have corresponding probabilities: choose your answer... conditional probability, expected value, dependent events, independent events
- By definition, independent events are those where the occurrence of one event does not affect the probability of the other event.
- Conditional probability is the probability of one event occurring given that another event has already occurred.
- The expected value is the average value one would expect to get in the long - run with a situation whose outcomes have corresponding probabilities. Dependent events are those where the act of doing one event affects the probability of the other event.
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- Two events such that the act of doing one event DOES NOT affect the probability of the other event: independent events
- The probability of one event knowing that another event has already occurred: conditional probability
- The average value one would expect to get in the long run with a situation whose outcomes have corresponding probabilities: expected value