Probability

 

Probability: A Brief Overview

Probability

Probability

Probability

Probability is a branch of mathematics that deals with the likelihood of an event occurring. It is a numerical measure that ranges from 0 to 1, where 0 indicates impossibility and 1 indicates certainty.

Key Concepts

  • Experiment: A procedure that results in an observable outcome.
  • Outcome: A possible result of an experiment.
  • Sample Space: The set of all possible outcomes of an experiment.
  • Event: A subset of the sample space.
  • Probability of an Event: The ratio of the number of favorable outcomes to the total number of possible outcomes.  

Types of Probability

  1. Theoretical Probability: Based on theoretical considerations, such as the equal likelihood of outcomes in a fair coin toss.
  2. Experimental Probability: Based on observed data from repeated experiments.

Probability Rules

  • Addition Rule: For mutually exclusive events A and B, P(A or B) = P(A) + P(B).
  • Multiplication Rule: For independent events A and B, P(A and B) = P(A) * P(B).
  • Conditional Probability: The probability of event A given that event B has already occurred.
  • Complement Rule: P(not A) = 1 - P(A).

Probability Distributions

  • Discrete Probability Distribution: A table or formula that lists all possible values of a discrete random variable and their corresponding probabilities.
  • Continuous Probability Distribution: A function that describes the probability of a continuous random variable taking on a value within a given interval.

Common Probability Distributions

  • Binomial Distribution: Used for counting the number of successes in a fixed number of independent Bernoulli trials.
  • Poisson Distribution: Used for modeling the number of occurrences of an event in a fixed interval of time or space.  
  • Normal Distribution: A bell-shaped curve used to model many real-world phenomena.

Example:

  • Tossing a coin: The sample space is {heads, tails}.
  • Probability of getting heads: 1/2.
  • Probability of getting heads or tails: 1.

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