10. Probability Flashcards
Probability of an event
Probability of an event = no. of ways an event can occur / total no. of outcomes
Probability properties
- If an event cannot happen, probability = 0
- If an event is certain to happen, probability = 1
- Probability always lies between 0 and 1
- Probabilities are written as fractions or decimals
p(event A) + p(not event A) = ?
p(event A) + p(not event A) = 1
Exclusive events
Two events are mutually exclusive if they cannot occur at the same time
Therefore you have to ask the probability of one event occurring OR another event occurring.
Finding the probability of 2 exclusive events occurring
p(A or B) = p(A) + p(B)
Independent events
Two events are independent if the occurrence of one event is unaffected by the occurrence of the other.
Therefore they can both happen (they aren’t exclusive)
The probability that two independent events occur…
p(A and B) = p(A) * p(B)
Conditional probability
Conditional probability is the probability of an event, given that another event has occurred.