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Probability


General Rules

  • 0 ≤ ð�‘ƒ ≤ 1
    • Probabilities are values between zero and 1.
    • They CANNOT be:
      • Negative
      • Greater than 1
    • They CAN be:
      • Fractions
      • Decimals
      • Percentages
  • P(E) = \( \frac{n(E)}{n(S)} \)
    • To find the probability of an event (E), count the number of times the event happens and divide by the total number of outcomes in the sample space (S)

Addition Rules

  • ð�‘ƒ(ð��¸)+ð�‘ƒ(ð��¸ð�‘�) =1 or 1−ð�‘ƒ(ð��¸) =ð�‘ƒ(ð��¸ð�‘�)
    • The complement of an event is the probability that event does NOT
      happen.
    • Two complements add up to 100% or 1.
  • OR
    • Mutually Exclusive
      • Two events that do NOT happen at the same time.
      • ð�‘ƒ(ð��¸ ð�‘œð�‘Ÿ ð��¹)=ð�‘ƒ(ð��¸)+ð�‘ƒ(ð��¹)
    • NOT Mutually Exclusive
      • Two events that DO happen at the same time.
      • ð�‘ƒ(ð��¸ ð�‘œð�‘Ÿ ð��¹)=ð�‘ƒ(ð��¸)+ð�‘ƒ(ð��¹)−ð�‘ƒ(ð��¸ ð�‘Žð�‘›ð�‘‘ ð��¹)

Multiplication Rules

  • AND
    • Independent
      • Two events that are NOT affected by each other.
      • ð�‘ƒ(ð��¸ ð�‘Žð�‘›ð�‘‘ ð��¹)=ð�‘ƒ(ð��¸)×ð�‘ƒ(ð��¹)
    • Dependent (aka NOT independent)
      • Two events that ARE affected by each other.
      • ð�‘ƒ(ð��¸ ð�‘Žð�‘›ð�‘‘ ð��¹)=ð�‘ƒ(ð��¸)×ð�‘ƒ(ð��¹|ð��¸)
  • Fundamental Counting Principle
    • If multiple independent events happen consecutively, the total number of outcomes is found by multiplying the events.
      • ð�‘˜1&³Ù¾±³¾±ð²õ;ð�‘˜2&³Ù¾±³¾±ð²õ;ð�‘˜3&³Ù¾±³¾±ð²õ;…ð�‘˜n
  • Conditional Probabilities
    • ð�‘ƒ(ð��¹|ð��¸) = \( \frac{P(E \text{ and } F)}{P(E)} \)
    • The sample space changes based on the condition that is applied.
    • Key words to look out for:
      • If
      • Given that
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