ITEE ITEE-1 | Page 170

Example When three out of ten lottery tickets contain a winning number, determine the probability for drawing two consecutive winning tickets. (Alternate method) The probability of acquiring a winning ticket after drawing just once 2 Basic theory The problem is solved by considering the second draw. Probability of acquiring a winning ticket on the first draw 3 = 10 Probability of acquiring a winning ticket on the second draw 2 = 9 The required probability is calculated as follows. 3 2 1 × = 10 9 15 Chapter 7 Number of winning tickets Total number of tickets Statistics “Statistics” are a means to examine the regularity of accumulated data, and make predictions about the future. (1)Measure of central tendency of data Through a “measure of central tendency of data,” the properties of all data can be expressed via one numeric value. Values used as a measure of central tendency of data are shown below. Value Explanation Mean The combined sum divided by the number of data sets. In general, “mean” refers to “arithmetic mean.” Median The central value when data is arranged in either an ascending or descending order. In cases where there is an even number of data sets, the average of the two most central values is adopted. Mode The highest value related to the frequency of occurrence of data. 164