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Chapter 4 Probability 4.2 Basic Concepts of Probability

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1 Chapter 4 Probability 4.2 Basic Concepts of Probability
4.3 Addition Rule 4.4 Multiplication Rule: Basics 4.5 Multiplication Rule: Complements and Conditional Probability

2 From this we can do the following:
Goal of Probability Using Math to model certain situations, we seek to find the likelihood of a certain event happening (or not happening) From this we can do the following: Using known data of a certain event, we determine the likelihood of it occurring. (and how likely our guess is correct or incorrect)

3 Important Terminology
Event, Simple event, Sample Space pg.139 Notation for probability pg Values of a probability pg.144 Complement of an event pg.144 Actual odds against / in favor, etc. pg.147 Compound event pg.152 P(A or B), P(A and B) pg.152 False Positive, True Negative (table 4-1) pg.153 Disjoint (mutually exclusive) events pg.154 P(A and then B) (when A occurs first, then B occurs) pg.159 Independent & Dependent events pg.162 “at least one” & Conditional Probability pg.161

4 Important Concepts Venn Diagrams pg.155–156 Addition rule pg.154
Rule of Complementary Events pg.156 Multiplication Rule pg.162 Conditional Probability pg.173 Rare Event Rule pg.138 Rule of Large Numbers pg.141 The 5% Guideline pg.164


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