| A | B |
|---|
| sample | The groups of individuals or events selected to represent a statistical population. |
| statistics | The collections and classification of data that are in the form of numbers. |
| risk | The probability of an unwanted outcome. |
| mathematical model | One or more equations that represent the way a system or process works. Works well when MANY variables are involved. |
| Decision Making Model | A conceptual model that provides a systematic process for making decisions. |
| mean | The number obtained by adding up the data for a given characteristic and dividing the sum by the number of individuals. (the average) |
| probability | The likelihood that a possible future event will occur in any given instance of the event. |
| model | A pattern, plan, representation, or description designed to show the structure or working of an object, system, or concept. |
| conceptual model | A verbal or graphical explanation for how a system works or is organized. |
| value | A principal or standard that an individual considers to be important. |
| distribution | The relative (in this context it means by comparison) arrangement of the members of a statistical population; usually shown in a graph. |
