Udayagiriiiii
Udayagiriiiii
WHAT IS PROBABAILITY?
PROBABILITY OF AN EVENT:
Assume an event 'E' can occur in 'r' ways out of a sum
of 'n' probable or possible equally likely ways. Then the
probability of happening of the event or its success is
expressed as-
P(E) = r/n
The probability that the event will not occur or known
as its failure is expressed as:
P(E') = (n-r)/n = 1-(r/n)
E' represents that the event will not occur.
Therefore, now we can say,
P(E) + P(E') = 1
This means that the total of all the probabilities in any
random test or experiment is equal to 1
Complementary Events:
The possibility that there will be only two outcomes
which states that an event will occur or not. Like a
person will come or not come to your house. Basically,
the complement of an event occurring in the exact
opposite that the probability of it is not occurring.
CONDITIONAL PROBABILITY
P(AB)=P(A∩B)/P(B)
Suppose a fair die has been rolled and you are asked to
give the probability that it was a five. There are six
equally likely outcomes, so your answer is 1/6. But
suppose that before you give your answer you are given
the extra information that the number rolled was odd.
Since there are only three odd numbers that are
possible, one of which is five, you would certainly revise
your estimate of the likelihood that a five was rolled
from 1/6 to 1/3.
INDEPENDENT EVENT
There is a red 6-sided fair die and a blue 6-sided fair die.
Both dice are rolled at the same time. Let A be the
event that the red die's result is even. Let B be the event
that the blue die's result is odd. The outcome of the red
die has no impact on the outcome of the blue die.
Likewise, the outcome of the blue die does not affect
the outcome of the red die.
X:x_{1}*x_{2} ...x n
P(X):matrix p 1 &p 2 &***& p_{n} matrix in
Where, p_{i} > 0 Sigma i = 1 ^ n pi=1 i = 1, 2 ,...,n
Applications of Probability:
Some of the applications of probability are predicting
the outcome when you:
.Flipping a coin.
.Choosing a card from the deck.
.Throwing a dice.
.Pulling a green candy from a bag of red candies.
.Winning a lottery 1 in many millions
Weather Planning:
A probability forecast is an assessment of how likely
an event can occur in terms of percentage and record
the risks associated with weather. Meteorologists
around the world use different instruments and tools to
predict weather changes. They collect the weather
forecast database from around the world to estimate
the temperature changes and probable weather
conditions for a particular hour, day, week, and month.
Example:
if there are 40% chances of raining then the weather
condition is such that 40 out of 100 days it has rained.
Sports Strategies:
In sports, analyses are conducted with the help of
probability to understand the strengths and
weaknesses of a particular team or player. Analysts
use probability and odds to foretell outcomes regarding
the team's performance and members in the sport.
Example:
A cricket coach evaluates a player's batting and
bowling capability by taking his average performances
in previous matches before placing him in the line-up.
Insurance:
Insurance companies use the theory of probability or
theoretical probability for framing a policy or
completing at a premium rate. The theory of probability
is a statistical method used to predict the possibility of
future outcomes.
Example:
Issuing health insurance for an alcoholic person is
likely to be more expensive compared to the one issued
to a healthy person. Statistical analysis shows high
health risks for a regular alcoholic person, ensuring
them is a great financial risk given a higher probability
of serious illness and hence filing a claim of premium
money.
Example:
When two dices are rolled simultaneously, the
outcomes will be as given below
Summary:
Probability plays a vital role in the day-to-day life. In the
weather forecast, sports and gaming strategies, buying
or selling insurance, online shopping, and online games,
determining blood groups, and analysing political
strategies.