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Probability
Measures how likely something is to happen.
Formula for Probability
P(Event) = Number of favorable outcomes / Total number of possible outcomes
Complement Rule
The probability that an event does not happen.
Formula for Complement Rule
P(A') = 1 - P(A)
Addition Rule
Used for calculating the probability of at least one of two events occurring.
Formula for Addition Rule (overlapping events)
P(A ∪ B) = P(A) + P(B) - P(A ∩ B)
Formula for Addition Rule (mutually exclusive)
P(A ∪ B) = P(A) + P(B)
Multiplication Rule
Used for calculating the probability of two events occurring together.
Formula for Multiplication Rule (independent events)
P(A ∩ B) = P(A) × P(B)
Formula for Multiplication Rule (dependent events)
P(A ∩ B) = P(A | B) × P(B)
Conditional Probability
The probability that event A happens given that B already happened.
Formula for Conditional Probability
P(A | B) = P(A ∩ B) / P(B)
Independent Events
Events that do not affect each other.
Mutually Exclusive Events
Events that cannot happen together.
Venn Diagrams
Visual representations of sets and their relationships.
P(A ∪ B) formula
P(A ∪ B) = P(A) + P(B) - P(A ∩ B)
P(A') formula
P(A') = 1 - P(A)
Key Phrase for 'A or B'
A ∪ B (Union) - Use the Addition Rule.
Key Phrase for 'A and B'
A ∩ B (Intersection) - Use the Multiplication Rule.
Key Phrase for 'A given B'
Conditional probability notation.
Complement of an Event
Not A is denoted as A'.
Final Tips for Solving Probability Problems
Draw diagrams, label work clearly, know formulas and keywords.