More Definitions & Other related Probability Topics
Law of Large Numbers states that the more times an experiment is performed the closer the Empirical Probability gets to the Theoretical Probability. This does not mean that ‘your number...
Author: TARMath
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Expected Value & Fair Price
Expected Value is the sum of the products of the probabilities with their values.This time the formula may be easier to read, but we will keep it simple. We could...
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Odds Against & Odds In Favor
Odds Against is the ratio of the probability of failure to the probability of success, and is written with a colon for the answer.Odds Against = P(Failure)/P(Success), so re-examining the...
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Combinations
Combinations are permutations when the order doesn’t matter.That is when you just need to choose a certain number of items from a list. For example, when choosing a combination from...
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Permutations
Permutations examine the number of ways a group of objects can be ordered, if you have n items, you will have n! ways in which they can be ordered.If you...
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Probability Basics
Base DefinitionsExperiment is a controlled operation that yields a set of resultsOutcome is each individual resultEvent is a collection of the resultsEqually likely outcomes is when each outcome has the...
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Counting Principle
The Counting Principle tells us the number of ways 2, or more, experiments can be performed in orderIf there are only two situations, with the first one having M results...
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Mathematical Self-Beliefs are Important
Abstract Mathematical Self-Beliefs are Important for successfully completing math classes, but they are also important for entering STEM fields and even Higher Education. Many people, especially older women, have low...
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Thankful For Tech Tools to Make Accessibility Relatively Easy!
Some great Tech Tools (free) to help you make great accessible videos and materials for students. Captions on videos tend to be the toughest thing needed to make materials accessible,...
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Using Bases other than Base 10
We could pick any value to be the base of our number system, in fact many cultures have used other bases over time. For example, the Babylonian used base 60...