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Slide 1Section 7 Fundamentals of Probability Slide 2 2 –likelihood –chance –tendency –trend Slide 3 3 Probability The chance that something will happen. –It will…

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Slide 1Mrs. Lerner Charlotte Catholic High School With some updates by Dr. Davidson Mallard Creek High School Slide 2 Random Phenomena 1.Are uncertain in the short run 2.Exhibit…

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Probability The calculated likelihood that a given event will occur Methods of Determining Probability Empirical Experimental observation Example â Process control Theoretical…

BRIEF REVIEW OF STATISTICAL CONCEPTS AND METHODS The mean (x) of random variable x is: where n is the number of observations, the variance (s2) is: Mathematical expectation…

Introduction Tree Diagrams & Bayes Theorem Farrokh Alemi Ph.D. This lecture was organized by Farrokh Alemi, Ph.D. 1 Sequence Tree Diagrams Tree diagrams are a tool to…