LM 02 Flashcards

1
Q

Definition of the probability of equally likely outcomes

A

Assume that there are N outcomes, all of which are equally likely to occur, then, the probability of each outcome is 1/N, and the probability of an event containing exactly n outcomes is n/N. We write this as P(A)

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2
Q

How do probabilities sum?

A

I’ll probabilities must come to one or 100%

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3
Q

Probability definition

A

The probability of an outcome is the proportion of times the outcome would occur if we observe the random process an infinite number of times

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4
Q

Three steps to find the probability

A

1) define an event
2) find out the outcomes in the event
3) sum up their probabilities

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5
Q

Mutually exclusive or disjoint

A

Two events are considered mutually exclusive or disjoint if they have no outcomes in common

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6
Q

Another way of writting P(A or B)

A

P(A u B)

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7
Q

Another way of writing P(A and B)

A

P (A n B)

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8
Q

Addition rule ( An and B are disjoint events)

A

P(A or B) = P(A) + P(B)

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9
Q

General addition rule ( A and B are disjoint or not)

A

P (A or B) = P(A) + P(B) - P(A and B)

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10
Q

Outcome

A

Random result from experiment

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11
Q

Event

A

Set of outcomes, has probability assigned to it

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12
Q

Sample space

A

All possible outcomes

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13
Q

Complement

A

Probability that the event does not occur

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14
Q

Complement rule

A

The compliment of A, denoted by A^c, is an event that contains all outcomes in the sample space that are not in A.
P(A^c) = 1-P(A)

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15
Q

Conditional Probability

A

Conditional upon the fact that we know event be, what is the probability of event a. This is noted as P(A|B).
P(A|B) = P(A n B)/P(B)
Or
P(A|B) = P(A n B)/ (P(A n B)+P(A^c n B))

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16
Q

Multiplication Rule

A

P(A n B) = P(A) P(B|A) = P(B)P(A|B)

17
Q

Bayes Therem

A

P(A|B) = P(B|A) * P(A)/P(B)

18
Q

Multiplication Rule (independent events)

A

P(A n B) = P(A) P(B)

19
Q

Independent Events

A

If learning that one of event occurred tells us nothing about whether the other event occurred. To check independence you solve to see if P(A n B) = P(A) P(B). If true A and B are independent and P(A|B) = A and P(B|A) = B

20
Q

Tree diagrams

A

A tool to organize outcomes and probabilities.