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outcome
a potential result of a random process
sample space
the set of all outcomes
event
a set of outcomes (a subset of the sample space)
probability
an assignment of numbers to events to indicate how likely they are to occur
Never = 0 = 0% chance to happen
Always = 1 = 100% chance to happen
empirical method for computing probability
Simulate the random process
number of time event happens divided by the number of times we repeated the random process
theoretical method uses
probability rules!
P(S) = 1 what is this?
total probability
S is the sample space
mutually exclusive
The events cannot both happen at the SAME time
If one happens, the other cannot
General Addition Rule
P(A or B) = P(A) + P(B) - P(A and B)
Additivity rule for mutually exclusive events
P(A or B) = P(A) + P(B)
Equally likely rule
P(A) = number of outcomes in A divided by number of outcomes in sample space
each outcome has a probability of 1/N where N is the total size of the sample space
complement rule
The probability of something NOT happening is 1 minus the probability it DOES occur
multiplication rule
determines the likelihood of two or more events occurring together by multiplying probabilities
equation changes based on whether the event is independent or dependent
Multiplication rule for independent events
P(A and B) = P(A) * P(B)
Multiplication rule for dependent events
P(A and B) = P(A) P(B|A) or P(B) * P(A|B)
P(A if B)
P(A|B)
conditional probability equation
P(A|B) = P(A and B)/P(B) = P(both)/P(condition)
independent events
two events are independent if the outcome of one does NOT affect the probability of the other
dependent events
the outcome of one event affects the probability of the other