BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a process that results in some outcome
|
|
|
the collection of events
|
|
|
a subgroup of a population/the likelihood of an outcome
|
|
|
the collection of all possible outcomes
|
Detailed explanation-1: -A sample space is a collection or a set of possible outcomes of a random experiment. The sample space is represented using the symbol, “S”. The subset of possible outcomes of an experiment is called events. A sample space may contain a number of outcomes that depends on the experiment.
Detailed explanation-2: -A sample space is the set of all possible outcomes of a statistical experiment, and it is sometimes referred to as a probability space.
Detailed explanation-3: -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. The probability of any outcome is a number between 0 and 1. The probabilities of all the outcomes add up to 1.
Detailed explanation-4: -The collection of all possible outcomes is called the sample space. Probability is the mathematics of chance. The greater the probability the more likely the event will occur. It can be written as a fraction, decimal, percent, or ratio.