Probability theory Flashcards
Here are flashcards to help you understand the document on probability
What is probability?
Probability is the likelihood that a particular event will occur.
What is the mathematical formula for probability?
P(A)=n(A)/n(s)
n(A) = number of favorable outcomes
n(S) = total number of outcomes
What are the two types of probability?
Subjective Probability: Based on intuition, opinion, or experience.
Objective Probability: Based on empirical data or statistical analysis.
What is an experiment in probability?
A planned operation carried out to observe outcomes.
What is a random experiment?
An experiment where the outcome is uncertain.
What is a sample space?
The set of all possible outcomes of an experiment.
Give an example of a sample space for flipping a coin.
S={H,T}
where H = Heads, T = Tails.
What is an event in probability?
A subset of the sample space.
What is the complement of an event?
The set of all outcomes not in event
𝐴
A.
What is the formula for the complement of an event?
P(A)+P(A′)=1
If an event A has a probability of 0.65, what is the probability of A′?
P(A′)=1−P(A)=1−0.65=0.35
What are the three ways to determine probability?
A Priori Probability: When outcomes are known in advance (e.g., rolling a die).
Empirical Probability: Based on observed data.
Mathematical Probability: Using probability distributions
What is the range of probability values?
Probability values range between 0 and
0≤P(A)≤1
Differentiate between these type of events. (Certain, impossible, simple, compound, mutually exclusive, independent, dependent)
Certain: An event that will definitely happen, P(A)=1.
Impossible: An event that cannot happen, P(A)=0.
Simple: An event with only one possible outcome.
Compound: An event that includes multiple possible outcomes.
Mutually Exclusive: Events that cannot happen at the same time.
Independent: Events where the outcome of one does not affect the other.
Dependent: Events where the outcome of one affects the probability of the other.
Write the following probability rules: Addition for mutually exclusive, addition for non-mutually exclusive, multiplication rule for independent events, multiplication rule for dependent.
Addition for mutually exclusive: P(A∪B)=P(A)+P(B)
Addition for non-mutually exclusive: P(A∪B)=P(A)+P(B)−P(A∩B)
Multiplication rule for independent events: P(A∩B)=P(A)×P(B)
Multiplication rule for dependent: P(A∩B)=P(A∣B)×P(B)
What is conditional probability and its formula?
The probability of event A occurring given that event B has already occurred.
P(A∣B)= P(B)/P(A∩B)
What does it mean if
P(A∣B)=0.4?
It means that given that B has already occurred, there is a 40% chance that A will also occur.
Differentiate between joint and marginal probability.
Joint: The probability of two events happening together in one trial.
Marginal: The probability of a single event occurring without considering another event.
What is the probability that an event will happen at least once in multiple trials?
Use the complement rule:
P(Atleast1success)=1−P(Nosuccessinanytrial)
Explain the difference between mutually exclusive and independent events.
Mutually exclusive events cannot happen at the same time (e.g., rolling a 3 and a 4 on a die in one roll).
Independent events do not affect each other (e.g., flipping a coin and rolling a die).