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Probability - Terms

  Here are 30 terms used in probability, along with explained examples and sample calculations, along with real-life examples where applicable: Experiment: Definition: A process or procedure that leads to the observation of an outcome. Example: Flipping a coin. Outcome: Definition: The result of a single trial of an experiment. Example: Getting Heads when flipping a coin. Sample Space: Definition: The set of all possible outcomes of an experiment. Example: For a six-sided die, the sample space is {1, 2, 3, 4, 5, 6}. Event: Definition: A subset of the sample space, or a specific outcome or a combination of outcomes. Example: Rolling an even number on a six-sided die. Probability: Definition: The likelihood of an event occurring, expressed as a number between 0 and 1. Example: The probability of rolling a 4 on a six-sided die is \frac{1}{6} 6 1 ​ . Complement of an Event: Definition: The set of all outcomes not in the event. Example: The complement of rolling a 4 on a six-sided die i...