This document defines key concepts in probability, including:
- Probability is the chance or likelihood of an event occurring.
- Random experiments are those with unpredictable outcomes.
- The sample space is the set of all possible outcomes of an experiment.
- Events are subsets of the sample space. Simple events have one outcome, compound events have multiple.
- Equally likely events have no greater or lesser chance of occurring.
- Mutually exclusive events cannot occur simultaneously.
- Exhaustive and mutually exclusive events partition the sample space, with no overlap between events.
- Probability is calculated by dividing the number of favorable outcomes by the total number of outcomes.