PPT-Theoretical vs Experimental Probability

Experimental probability Probability based on a collection of data Will have a table of results or data from the experiments What is the difference between theoretical probability and . Unit 4. Introduction. Many decisions in business, insurance, and other real-life situations are made by assigning probabilities to all possible outcomes pertaining to the situation and then evaluating the results. For example, a saleswomen can compute the probability that she will make 0,1,2 or 3 or more sales in a single day. An insurance company might be able to assign probabilities to the number of vehicles a family owns. Once these probabilities are assigned, statistics such as mean, variance and standard deviations can be computed for these events. With these statistics, various decisions can be made.. Facilitators/Scribes: Gil . Zussman. (Columbia University), Justin Shi (Temple University) . Attendees: . Ioannis. . Stavrakakis. , Gustavo de . Veciana. , . Svetha. . Venkatesh. , Bill . Schilit. 3.1 . The Concept of Probability. 3.2 . Sample Spaces and Events. 3.3 . Some Elementary Probability Rules. 3.4 . Conditional Probability and Independence. 3.5 . Bayes’ Theorem. 3-. 2. Probability Concepts. Conditional Probability. Conditional Probability: . A probability where a certain prerequisite condition has already been met.. Conditional Probability Notation. The probability of Event A, given that Event B has already occurred, is expressed as P(A | B).. Slide . 2. Probability - Terminology. Events are the . number. of possible outcome of a phenomenon such as the roll of a die or a fillip of a coin.. “trials” are a coin flip or die roll. Slide . Sixth Edition. Douglas C. Montgomery George C. . Runger. Chapter 2 Title and Outline. 2. 2. Probability. 2-1 Sample Spaces and Events . 2-1.1 Random Experiments. 2-1.2 Sample Spaces . 7.9 and 7.10. Theoretical Probability. Theoretical Probability is the ratio of the number of ways an event can occur to the number of possible outcomes.. The . Theoretical Probability. of an event is the . Making Predictions with Experimental Probability Warm Up Probabilities can be used to make predictions in daily life. A prediction is something that can reasonably be expected to happen in the future. Dr. Chris L. S. . Coryn. Kristin . A. Hobson. Fall 2013. Agenda. Course overview. Introductions. Course pretest examination. Discussion . and questions. Course Material. Website. http. ://www.wmich.edu/evalphd/courses/eval-6970-experimental-and-quasi-experimental-designs-for-applied-research-and-evaluation. have demonstrated that fundamentally new physical phenomena are found, when systems are reduced in size to dimensions that become comparable to the fundamental microscopic length scales of a material under study. Superconductivity is a macroscopic quantum phenomenon, and therefore it is of particular interest to see how this quantum state is influenced when the samples are reduced to nanometer sizes. Nowadays, developments in nanotechnologies and measurement techniques allow the experimental investigation of the magnetic and thermodynamic superconducting properties of . 0.01020304050607080901001101201301401501601701801902002102202302402502602702802903003103203303403504001000 2000 Standard AugmentedGraph Maximum: 2000 mV/m Power: 5.0 kWFacility ID: 90773 Towers0 Augme 001020304050607080901001101201301401501601701801902002102202302402502602702802903003103203303403502001000StandardAugmentedGraph Maximum 1000 mV/mPower 10 kWFacility ID 1403 Towers0 AugmentationsTheore 001020304050607080901001101201301401501601701801902002102202302402502602702802903003103203303403502001000StandardAugmentedGraph Maximum 1000 mV/mPower 14 kWFacility ID 612572 Towers0 AugmentationsTheo 0010203040506070809010011012013014015016017018019020021022023024025026027028029030031032033034035010005000StandardAugmentedGraph Maximum 5000 mV/mPower 350 kWFacility ID 356872 Towers0 AugmentationsTh