Examlex
You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local library. You've gathered the following information to aid in your decision-making process. Pretend transportation (gas, mileage, and parking) cost $200 per class session at the library. If you consider solely the cost - including transportation - of each alternative, which would you choose?
Mutually Exclusive
Events or propositions that cannot both be true or occur at the same time, implying the occurrence of one event excludes the occurrence of the other.
P(A)
The probability of event A occurring.
P(B)
The probability of event B occurring.
Relative Frequency Approach
A method of probability assessment that involves observing the outcomes of a random experiment to estimate the probability of each outcome by dividing the number of times a specific outcome occurs by the total number of trials.
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