Explain what long/short-run proportion provides us with
LONG-RUN PROPORTION
gives basis for definition of probability
gets closer/closer to certain number
get rid of uncertainty/randomness
SHORT RUN PROPORTION
highly random/variable
** as # of trials increases = proportion of times # becomes predictable/less random
What is the law of large number
Jacob Bernoulli proves # of trials increases….proportion of occurances approaches certain number in LONGRUN
he assumes outcome of any trial does NOT depend on outcome of other trials
Define probability
PROBABILITY
randomized experiment/sample/stimulation, probability is the proportion of times the outcome occurs in a Long Run of observations
takes a value of 0→1 (decimal/fraction not %)
What are independent trials
INDEPENDENT TRIALS
dif. trials of a random phenomenon are indpendent if outcome of any trials is not affected by the outcome of another trial
How do we find probability
FINDING PROBABILITY
make assumptions about nature of random phenomenon
ex: symmetry→assume that possible outcomes are equally likely (dice/coin)
What are some types of probability
TYPES OF PROBABILITY
subjective
rely on sub. info bc you do/can NOT have any
probability of outcome is personal (ur degree of belief that outcome occurs based on available info)
objective
use data from long-run trials
List the rules of probability
unconditional___
SAMPLE SPACE
list of individual outcomes of random phenomenon
btwn 0→1
sum = 1
Probability of event is sum of prob of indiv. outcomes from sample space making up event
P(A) = # of outcomes of A / # of outcome in sample space
For event A compliment (does NOT occur)
P (A^c) = 1 - P(A)
UNION is 2 events (A or B or both)
P (A or B) = P(A) + P(B) - P(A&B)
INDEPENDENT /intersection of 2 events
one doesn’t affect the other
P(A&B) = P(A) * P(B)
DISJOINT/MUTUALLY EXLUSIVE
when A and B have no common elements
one event affects the other
P(A&B) = 0
What unconditional vs. conditional
UNCONDITIONAL= no special conditions assumes other than ones in experiment
CONDITIONAL = prob. reflects additional knowledge
assumes what event B is, reduces the sample space
P(A|B) = P(A&B) / P(B)
What are sensitivity or specificity
Sensitivity P(S) = probability of state (present
prevalence
Specificity P(S^c) = truly negative rate (not present)
List Bayes’ Rule
….