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definitions.md

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Definitions

Any experiment with randomness can produce one outcome of the many possible, denoted by the lowercase Greek letter Omega $\omega$. The outcome space, denoted by the uppercase Greek letter Omega $\Omega$, is the set, or collection of all possible outcomes.

A single event is a subset of $\Omega$, commonly denoted by increasing order of uppercase alphabets, starting with $A$, $B$, etc. The empty set and the entire set $\Omega$ are both valid subsets.

Note that an outcome $\omega_1$ is different than the event $A={\omega_1}$, where the former is a single outcome, but the latter is a set with a single element.

$P(A)$ is the probability that $A$ will occur.

If all $n$ outcomes in $\Omega$ are equally likely, then $P(A)$ is denoted by $\text{number of outcomes where A occurs}/\text{number of outcomes in }\Omega$.