Modules/BS/BS704 Probability/BS704 Probability3.html
Modules/BS/BS704 Probability/BS704 Probability3.html
A probability is a number that reflects the chance or likelihood that a particular event will occur.
Probabilities can be expressed as proportions that range from 0 to 1, and they can also be
expressed as percentages ranging from 0% to 100%. A probability of 0 indicates that there is no
chance that a particular event will occur, whereas a probability of 1 indicates that an event is
certain to occur. A probability of 0.45 (45%) indicates that there are 45 chances out of 100 of the
event occurring.
Probability deals with random (or unpredictable) phenomena. When one of several things can
happen, we often must resort to attempting to assign some measurement of the likelihood of each
of the possible eventualities. Probability theory provides us with the language for doing this, as
well as the methodology.
The sample space of a random phenomenon is simply the set of all possible (basic) things that
can happen. The basic things that can happen are called outcomes.
Reference: http://sphweb.bumc.bu.edu/otlt/MPH-
Modules/BS/BS704_Probability/BS704_Probability3.html
THREE TYPES OF PROBABILITY
1. Classical:
(equally probable outcomes) Let S=sample space (set of all possible distinct outcomes). Then the
probability of an event =