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PROBABILITY
Refers to the likelihood that something
will occur or happen. It also pertains to chances and possibilities. Probability is the mathematics commonly used by people who like calculating risks, like gamblers. Experiment An experiment is any activity or procedure that generates distinct possible outcomes. Examples • Flipping a coin • Tossing a die Outcome An outcome is any possible result that comes from the experiment. Examples • Head or Tail (Flipping a coin) • 1,2,3,4,5 or 6 (Tossing a fair die) Sample Space A sample space is the set of all possible outcomes that comes from the experiment. Examples Flipping a coin = Tossing a fair die = Event An event is a subset of the sample space. Examples • Getting a head when you flip a coin • Getting an even number when you toss a fair die Fundamental Principle of Counting If one thing can happen in ways and the second thing can happen in b ways, and the third thing can happen in c ways, and so on and so forth, then the sequence of things can happen in a x b x c x … ways Permutation A permutation is the arrangement of set of objects in a definite order. The number of permutations of n objects taken k at a time. nPk = LINEAR PERMUTATION Factorial n factorial is the product of all counting numbers n through 1. It is denoted as n! n! = n * ( n - 1) * (n – 2) * … 3 * 2* 1 Circular Permutation This is special case of permutation as it is the arrangement of objects in a circular pattern. The number of circular permutations of n different things: ( n – 1)! The number of circular permutations of n different things: Combination A combination is a collection of objects selected from a group in which the order is not necessary. The number of combination of n objects taken k at a time. nCk = PROBABILITY OF AN EVENT Probability of a simple event P (event) = It can symbolically denote as P (E) = Probability of Union of Two Events Mutually Exclusive Events Two events are said to be mutually exclusive events if the events cannot occur at the same time. The intersection of these events is an empty set. If event A and event B are mutually exclusive events then: P ( A or B) = P ( A B) = P (A) + P (B) Not mutually exclusive events
The probability of the occurrence of events A and B, which are
in the same sample space is: P (A or B) = P ( A B) = P (A) + P (B) – P ( A B) Probability of Independent Events Two events are said to be independent events if the existence or non-existence of one event does not influence the probability of the existence of the other event. Given that events A and B are independent events, the probability of that both events A and B will happen is the product of their separate probabilities. If event A and B are independent events then: P (A and B) = P ( A B) = P (A) * P (B) Conditional Probability Refers to the possibility of an event to happen given the occurrence of another event. Given events A and B, P (B A) = where P ( A) 0 P (B A) = = where P ( A) 0 Properties of Probability 0 P (E) 1 The probability of an event ranges from 0 to 1 or 0% to 100%. P (Sure event) =1 The probability of a sure event is 1, which also means 100%. P (Impossible event) = 0 The probability of a sure event is 1, which also means 100%. P (E) + P (E’) = 1 The sum of the probability of an event and its complement is 1 or 100%.