Intro to Business Statistics

study guides for every class

that actually explain what's on your next test

Tree diagram

from class:

Intro to Business Statistics

Definition

A tree diagram is a graphical tool used to map out and visualize the possible outcomes of a probability experiment. It helps in organizing and calculating probabilities for different events.

congrats on reading the definition of tree diagram. now let's actually learn it.

ok, let's learn stuff

5 Must Know Facts For Your Next Test

  1. A tree diagram starts with a single point (root) and branches out based on different outcomes.
  2. Each branch represents a possible outcome or event, leading to further branches for subsequent events.
  3. Probabilities along the branches are multiplied to find the joint probability of sequential events.
  4. A tree diagram can be used to compute conditional probabilities by focusing on specific branches.
  5. It is especially useful in visualizing complex problems involving multiple stages or events.

Review Questions

  • What is the purpose of using a tree diagram in probability?
  • How do you calculate the joint probability of sequential events using a tree diagram?
  • In what scenarios would a tree diagram be particularly useful?
ยฉ 2024 Fiveable Inc. All rights reserved.
APยฎ and SATยฎ are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
Glossary
Guides