Probability Flashcards
Probability of an event
Probability= number of possible outcomes/ total number of possible outcomes
Probability of an event not happening
P(A’)= 1-P(A)
Probability of A or B
P(AUB)= P(A)+P(B)
A and B all shaded in venn diagram (including intersection)
Probability of A and B
P(A∩B)= P(A) x P(B)
Shading of intersection
Mutually exclusive events
P(AUB)= P(A) + P(B)
Not mutually exclusive events
P(AUB)= P(A)+P(B)- P(A∩B)
Probability distribution
P(X=x) - “the probability that the outcome of the random variable X was the specific outcome x”
p(x) is also the same thing
How else can probability outcomes be displayed
As a function: p(x)= {0.1x, x=1,2,3,4
{0,
Or as a table with x on top and P(X=x) at the bottom
Advantages of functional and table form
Functional:
+ Can have an expression based on the outcome
+ More compact
Table:
+ Probability for each outcome is more explicit
Expected value of X formula
E(X)= total of (x(p(x))
Represents mean outcome if experiment was done several times