Best answer: What is the prediction of possible outcomes called?

An operation which can produce some well-defined outcomes is called an experiment. Each outcome is called an event. Random Experiment: In an experiment where all possible outcomes are known and in advance if the exact outcome cannot be predicted, is called a random experiment.

What do you call possible outcomes?

The set of all possible outcomes of an experiment is called the sample space. Events are subsets of the sample space, and they are assigned a probability that is a number between zero and one, inclusive.

What type of math that predicts outcomes?

Theoretical probability uses math to predict the outcomes. Just divide the favorable outcomes by the possible outcomes. Experimental probability is based on observing a trial or experiment, counting the favorable outcomes, and dividing it by the total number of times the trial was performed.

What is the likelihood of an outcome?

Likelihood is the probability that an event already been occurred would give a specific outcome. Whereas, probability is for event that will occur in future. If the coin is tossed for certain times and it is a fair coin, then what is the probability that every time the coin landed will give Head.

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How do you call the specific or collection of outcomes?

The sample space of a random experiment is the collection of all possible outcomes. An event associated with a random experiment is a subset of the sample space.

What is associated probability?

Probability as a number lies between 0 and 1 .

A probability of 0 means that the event will not happen. … In practice probabilities associated with everyday life events lie somewhere between 0 and 1. A probability of 0.1 means there is a 1 in 10 chance of an event happening, or a 10% chance that an event will happen.

What is Mathematics for prediction?

The mathematics of prediction provide a framework for thinking rationally, that is, in a way that is entirely self-consistent, about the future. Thus, this mathematic provides a framework for getting the most out of evidence.

What is a predicted probability?

Well, a predicted probability is, essentially, in its most basic form, the probability of an event that is calculated from available data.

What is prediction math?

A prediction is a reasonable guess as to what will happen.

What is the synonym of probability?

In this page you can discover 39 synonyms, antonyms, idiomatic expressions, and related words for probability, like: possibility, prospect, odds, presumption, likely, unlikelihood, chance, feasibility, credibility, improbability and likelihood.

What do we call the set of all the possible outcomes to occur in any trial?

The set of all possible outcomes is called the sample space. Thus in the context of a random experiment, the sample space is our universal set. Here are some examples of random experiments and their sample spaces: Random experiment: toss a coin; sample space: S={heads,tails} or as we usually write it, {H,T}.

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