Statistics Notes 3
Statistics Notes 3
1. Definition of Probability
Probability is a measure of the likelihood that an event will occur. It ranges from 0 to 1, where:
2. Types of Probability
3. Key Concepts
b. Event (AA)
𝑃(Ac ) = 1 − 𝑃(𝐴)
d. Mutually Exclusive Events
two events A and B are said to be mutually exclusive if the occurrence of one leads to the none
occurrence of the other.
𝑃(𝐴 ∩ 𝐵) = 0
e. Independent Events
Events where the occurrence of one does not affect the other:
a. Addition Rule
5. Conditional Probability
6. Bayes' Theorem
7. Probability Distributions
a. Discrete Distributions
b. Continuous Distributions
Example 1: A bag contains 5 red balls and 3 blue balls. What is the probability of drawing a red ball?