In this math video lesson we will learn about probability models. We will define probability models as a mathematical description listing all possible outcomes of an event and their corresponding probabilities. We will understand that a...

In this math video lesson we will learn about theoretical and experimental probability. We will define theoretical probability as the ratio of the number of favorable outcomes to the number of possible outcomes. We will review possible...

In this math video we will learn how to find relative frequency using probability. We will find simple probability using a spinner and determine specific outcomes. We will write a proportion using equivalent ratios to determine the...

In this math video we will be using a tree diagram to determine the number of different combinations possible for desired outcomes. We will learn how to read a tree diagram showing probable outcomes. We will use the tree diagram to...

Mr. Addit adds two more words to his probability vocabulary, fair and unfair. Then, using a spinner, he determines if a spinner is fair or unfair and calculates the probability of the spinner landing on specific colors in each example.

Mr. Addit conducts probability experiments and graphs his data on a tally chart.

Mr. Addit reviews the terms likely, unlikely, certain, and impossible. He then works through some probability problems.

Mr. Addit reviews terms experiment, probability, and prediction. He then conducts some probability experiments and displays his data on a tally chart and on a bar graph.

Mr. Addit reviews experiments, probability, and fairness.

This video explains how to work with tree diagrams for probability. We explain how to use them to calculate probabilities for a combination of outcomes for more than one event and how to draw a tree diagram for a probability question....

Divers working in the Halliburton Forest and Wildlife Reserve in Ontario, Canada recently discovered a submerged, manmade ancient stone structure. This structure is estimated to be 5,000 to 10,000 years old, sparking theories of a...

The departure from Afghanistan leaves a 'stain on the reputation of the west', the former prime minister tells the FT Weekend Festival, as he discusses Britain's place in the world, and says nationalism in Boris Johnson's Conservative...

Mr. Addit provides a few examples of experimental probability of a simple event. He demonstrates that conclusions can be drawn by studying data collected from these experiments.

Mr. Addit introduces the concept of experimental probability. He gives several examples and assesses the probability of each situation.

Mr. Addit reviews the terms likely, unlikely, certain, and impossible to predict outcomes. He then conducts a few probability experiments to demonstrate the likelihood of outcomes.

One of the most important parameters of AI models like the one behind ChatGPT is temperature, but how can AI have a temperature and what is it good for? While we pursue this question we uncover a beautiful connection between machine...

Miss Palomine demonstrates how she can record the same data from her probability experiments by showing the results on bar graphs. She shows the student how she converted the data from her lunchtime predictions to a drawing and then...

Miss Palomine sorts the change from her purse. She then asks the student to make predictions about the chances of various coins being picked from a random drawing of ten. Which coins will be more likely chosen and which coins will be...

In this math video we will sort outcomes by probability and likelihood of an event. We will be presented with four probabilities in percent, fraction and decimal form. We will need to drag and drop these events into one of three...

What is the First Chicago Method of Business Valuation? The First Chicago Method is a valuation technique used to determine the financial worth of an investment or company by considering projected future cash flows and discounting them...

What are the Approaches to Management Decision Making? Rational decision-making model, Bounded rationality decision-making model, Intuitive decision-making model, and. Creative decision-making model.

What is the Winterling Crisis Matrix? What is the Winterling Crisis Matrix? The Interlink Crisis Matrix, or simply crisis matrix, designed by Klaus Winterling, is an analytical tool that categorizes risk along two parameters: Probability...

What is Prospect Theory? The prospect theory says that investors value gains and losses differently, placing more weight on perceived gains versus perceived losses.

What is the Level of Certainty in Management Decision Making? Decisions are made under the condition of certainty when the manager has perfect knowledge of all the information needed to make a decision. This condition is ideal for...