Chapter 12- Topics In College Mathematics
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            Experiment
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        controlled operation that yields a set of results
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            Outcomes
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        possible results of an experiment
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            Event
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        subcollection of the outcomes of an experiment
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            Empirical Probability
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        P(E)- relative frequency of occurrence of an event and is determined by actual observations of an experiment.
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            Theoretical Probability
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        determined through a study of the possible outcomes that can occur for the given experiment.
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            P(E) is read:
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        \"P of E\"
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            Formula for Empirical Probability
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        number of times event E has occurred/ total number of times experiment has been performed    ex: 3 out of the 5 batches of cookies were burned.    P(E)- 3/5
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            The probability of an event, whether empirical or theoretical, is always:
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        a number between 0 and 1.
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            Probability may be expressed as:
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        a decimal number or a fraction.
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            Empirical probability is used when:
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        probabilities cannot be theoretically calculated.
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            Law of Large Numbers:
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        probability statements apply in practice to a large number of trials, not to a single trial. It is the relative frequency over the long run that is accurately predictable, not individual events of precise totals.
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            Equally likely outcomes:
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        If each outcome of an experiment has the same chance of occurring as any other outcome.
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            Probability formula (theoretical)
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        number of outcomes favorable to E/ total number of possible outcomes.
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            The probability of an event that cannot occur is:
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        zero.
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            The probability of an event that must occur is
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        one.
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            The sum of the probabilities of all possible outcomes of an experiment is:
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        one.
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            Odds against an event formula
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        event fails to occur/event occurs = failure/success
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            Odds against an event is:
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        ratio of the probability that the event will fail to occur.
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            odds in favor of an event
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        ratio of the probability that the event will occur to the probability that the event will fail to occur.
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            Expected value (expectation) formula:
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        E= p1(a1)+p2(a2)+p3(a3)....pn(an)
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            to turn a % into a decimal:
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        divide the number by 100.    ex: 27%= 0.27
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            Expected value:
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        the expected gain or loss of an experiment over the long run
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            if an individual expects to have a gain in the long run, the expected value is:
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        positive
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            Fair price formula:
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        Expected value+cost to play
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            E=
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        (win)(winnings)+(lose)(losses)
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            Sample space:
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        a list of all possible outcomes of an experiment
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            Counting principle
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        Sample space= M(N)
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            With replacement formula:
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        *# of ways stays the same, since it can be replaced. Multiply the number of ways together (as many as needed)    ex: 2 cards out of 10=     card 1 has 10 ways.  card 2 has 10 ways    10*10= 100 ways.
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            With replacement means:
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        whatever is chosen can be put back, giving the next option the same amount of choices.
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            without replacement means:
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        whatever is chosen is NOT put back, giving the next option one less from the amount of choices.
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            without replacement formula:
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        ex: 2 cards out of 10    card 1 has 10 ways  card 2 has 9 ways    10*9= 90 ways
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            counting principle ex with replacement:
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        four batteries, three selected at random, with replacement:    4(total batteries)*3(taken out at a time)= 4 to the 3rd power.    4*4*4= 64 sample points
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            counting principle ex without replacement
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        four batteries, three selected at random, without replacement:    4(total batteries)*3(taken out at a time)= 4*3*2 (3 total batteries)= 24 sample points
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            compound probability problems:
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        probability problems that contain the words 'and' or 'or'
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            independent events
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        (for two events A and B) the occurrence of either event in no way affects the probability of the occurrence of the other event.
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            Experiments done with replacement result in _____ events.
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        independent.
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            Addition formula for probability:
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        P(A or B)= P(A)+P(B)- P(A and B)
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            Conditional probability:
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        probability of E2 happening, given that E1 has happened
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            When a question states\"what are the chances of\"....... \"given that\".....
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        always group FIRST according to the given.
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            The symbol for n factorial is:
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        n!
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            permutations formula:
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        nPr= n!/(n-r)!
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            (EX) notation that expresses the number of permutations of 6 items taken 2 at a time
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        6P2 (total number) P (how many is taken at a time)
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            ! is:
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        the product (multiplying) of all the natural numbers less than the number and itself.
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            example of != 4!=
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        4*3*2*1= 24
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            sample problem of Permutations:    10P4
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        10!/10-4!= 10!/6!    (this means that you take the last 6 from the problem)    10*9*8*7 (last 6 are gone.)  this eliminates the denominator as well.    10*9*8*7= 5040
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            6P6 in this equation, it cancels itself out, so just solve as if it were just 6!
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        6*5*4*3*2*1= 720
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            11 members.. 3 chosen at a time. how many arrangements?
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        number*people chosen at a time    11*10*9= 990
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            3 letters and 2 digits.    with repetition
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        26*26*26*10*10    (26 letters)  (0-9= 10 numbers)
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            3 letters and 2 digits    without repetition
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        26*25*24*10*9    26 letters, minus one each time. (for 3 letters)    10 numbers, minus one each time for 2 digits.
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            3 digit code with digits 1-9    repetition allowed
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        9*9*9    9 numbers   3 digits
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            combination
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        distinct group of objects without regard to their arrangement
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            if order of arrangement is important,
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        permutations are used
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            if order of arrangement is not important,
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        combinations are used
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            C and P
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        combinations and permutations
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            Combinations formula
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        same as permutations formula, but with added r on denominator