PPT-Chapter 4. Probability

httpmikeesstripblogspotcom201106gamblinghtml 1 Uses of Probability Gambling Business Product preferences of consumers Rate of returns on investments Engineering Defective parts Physical Sciences. by Royce Hong and Kenneth Wang. Vocabulary. Random Phenomenon. : a situation in which we know what outcomes could happen, but the particular outcome is uncertain. Probability. : the long run relative frequency of an event. Section 2.4. Counting Rules Useful in Probability. Jiaping. Wang. Department of Mathematical Science . 01/23/2013, Wednesday. Outline. Fundamental Principle of Counting. . . Permutations. . Section 5.1. An event is the set of possible outcomes. Probability is between 0 and 1. The event A has a complement, the event not A. Together these two probabilities sum 1.. . ex. At least one and none are complements. Section 2.3. Definition of Probability. Jiaping. Wang. Department of Mathematical Science . 01/16/2013, Wednesday. Outline. . Introduction. . . Definition of Probability. . . Inclusive-Exclusive Principle. Probability Terminology. Classical Interpretation. : Notion of probability based on equal likelihood of individual possibilities (coin toss has 1/2 chance of Heads, card draw has 4/52 chance of an Ace). Origins in games of chance.. Conditional Probability. Conditional Probability: . A probability where a certain prerequisite condition has already been met.. Conditional Probability Notation. The probability of Event A, given that Event B has already occurred, is expressed as P(A | B).. Slide . 2. Probability - Terminology. Events are the . number. of possible outcome of a phenomenon such as the roll of a die or a fillip of a coin.. “trials” are a coin flip or die roll. Slide . Sixth Edition. Douglas C. Montgomery George C. . Runger. Chapter 2 Title and Outline. 2. 2. Probability. 2-1 Sample Spaces and Events . 2-1.1 Random Experiments. 2-1.2 Sample Spaces . Continuous Probability Distribution . (pdf) . Definition:. . b. P(a . . X.  . b) = .  . f(x). dx. . . a. For continuous RV X & a. .  b.. A value between zero and one that describe the relative possibility(change or likelihood) an event occurs.. The MEF announces that in 2012 the change Cambodia economic growth rate is equal to 7% is 80%.. Chapter 4: Probability: The Study of Randomness Lecture Presentation Slides Macmillan Learning © 2017 Chapter 4 Probability: The Study of Randomness 4.1 Randomness 4.2 Probability Models 4.3 Random Variables calculus. 1 ≥ . Pr. (h) ≥ 0. If e deductively implies h, then Pr(h|e) = 1. .. (disjunction rule) If h and g are mutually exclusive, then . Pr. (h or g) = . Pr. (h) + . Pr. (g). (disjunction rule) If h and g are . 4. Compute the number of combinations of . n. individuals taken . k. at a time.. Use . combinations to calculate probabilities.. Use . the multiplication counting principle and combinations to calculate probabilities.. 4. Interpret probability as a long-run relative frequency. . Dispel . common myths about randomness.. Use . simulation to model chance behavior.. Randomness, Probability, and Simulation. Randomness, Probability, and Simulation.