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Chapter 13 Probability and Data Analysis

Chapter 13 Probability and Data Analysis. 13.1 Probabilities and Odds. Vocabulary: outcome, event, sample space, probability, odds What is probability???. 13.1 Continued. You flip 3 coins. How many possible outcomes are in the sample space? List the possible outcomes.

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We can make choices based on expected values and standard deviations.

We can make choices based on expected values and standard deviations. Suppose that you have two urns (jars) containing colored balls and that certain payoffs are associated with the colors. Suppose that yellow balls are worth $100, blue balls are worth $ 20,

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Purple balls - PowerPoint PPT Presentation

Chapter 13 Probability and Data Analysis

We can make choices based on expected values and standard deviations.