PDF4PRO ⚡AMP

Modern search engine that looking for books and documents around the web

Example: stock market

Chapter 4 Probability

Back to document page

1Chapter 4ProbabilitySection 4-2: FundamentalsSection 4-3: Addition RuleSections 4-4, 4-5: Multiplication RuleSection 4-7: Counting (next time)The Big Picture of Statistics2What is Probability ? Probabilityis a mathematical description of randomness and uncertainty. Random experimentis an experiment that produces an outcome that cannot be predicted in advance (hence the uncertainty). Example: coin tossPossible outcomes: Heads (H) Tails (T)The result of any single coin toss is random. Coin toss The result of any single coin toss is random. But the result over many tosses is predictable. The result of any single coin toss is random. But the result over many tosses is series of tossesSecond series The Probability of heads is = the proportion of times you get heads in many repeated Law of Large NumbersAs a procedure repeated again and again, the relative frequency Probability of an event tends to approach the actual a coin2Sample SpaceThis list of possible outcomes an a random experiment is called the sample spaceof the random experiment, and is denoted by the letter Toss a coin once: S= {H, T}.

The odds in favor of winning a lottery is 1:1250 This means that the probability of winning is 1 1251 = =00008 008%. . Rule 4 We are now moving to rule 4 which deals with another situation of frequent interest, finding P(A orB), the probability of one event oranother occurring. In probability "OR" means either one or the other or both, and so,

  Winning, Of winning

Download Chapter 4 Probability


Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Spam in document Broken preview Other abuse

Related search queries