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Probability rule - PowerPoint PPT Presentation

Section 6.1 The Idea of Probability

Section 6.1 The Idea of Probability. Section 6.1.

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Probability

Probability. The chance of an event occurring. Symbol: P(x). Probability Experiment. A chance process that leads to well-defined results called outcomes. Example: Roll a die. Sample Space. The set of all possible outcomes of a probability experiment Symbol: S.

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ECON 261 determine the probability that any given customer/tutorialoutlet

FOR MORE CLASSES VISIT tutorialoutletdotcom the most appropriate probability rule or probability dislribut'ion that could be used to determine the probabilitiu ducribed in the scenarios below The owner of a snail grocerystore knows that some all odstomers l [Emma]

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Probability rule - PowerPoint PPT Presentation

Section 6.1 The Idea of Probability

Probability

ECON 261 determine the probability that any given customer/tutorialoutlet