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1. General Probability

hinal vaghela Actuary Englisch 31 Karten

1. General Probability

Karten in diesem Stapel (31)

  1. 1ElementIs a possible outcome of an experiment
  2. 2EventIs a collection of one or more outcomes
  3. 3SetIs a collection of zero or more elements
  4. 4Sample SpaceIs the collection of all possible outcomes
  5. 5Empty SpaceIs a set containing zero element
  6. 6SubsetIFF all elements in set D are also in set E
  7. 7UnionIs the set of all elements that are contained in at least one of the sets
  8. 8IntersectionIs the set of elements that are common for each set
  9. 9DifferenceIs the the set containing all elements that are in set F but not in set G
  10. 10Mutually ExclusiveIs when two events do not occur at the same time
  11. 11DisjointSame as mutually exclusive (when two events do not occur at the same time)
  12. 12ComplementIs the set containing all of the elements in the sample space except the elements that are in T
  13. 13Pr(anything)Probabilities of anything are only defined between 0 and 1, inclusive
  14. 14Pr(empty set)Probability of the empty set is always 0
  15. 15Pr(sample space)Probability of the sample space is always 1
  16. 16If A1, A2,... are disjoint events then the Pr(Union) isEqual to the sum of the disjoint events
  17. 17A c B, thenThe Pr(A) =< Pr(B)
    Note: for A to be a subset of B, A has to contain an equal or fewer number of elements than B
  18. 18The Additive Law of ProbabilityPr(A U B) = Pr(A) + Pr(B) - Pr(A & B)
    If A and B are mutually exclusive, then Pr(A & B) = 0. Thus, Pr(A U B)= Pr(A) + Pr(B)
    The Additive Law of Probability
  19. 19The union of the disjoint events must equal the sample spacePr(A U A') = Pr(S) = 1
    So, the Pr(A') = 1 - Pr(A)
    Note: Pr(A') is A complement.
  20. 20The Law of Total ProbabilityConsider n events, A1, A2,..., An which are disjoint. Pr(A1) + Pr(A2) + ... + Pr(An) = 1. Then A1, A2,..., An is a partition of the sample space, S.
    Suppose event B exists in S. Then, the Pr(B) = Pr(B & A1) + Pr(B & A2) +...+ Pr(B & An).
    Because B overlays the sets in the partition, Pr(B) equals the sum of the probabilities of the intersections of B and A1, A2,..., An.
    The Law of Total Probability
  21. 21SPECIAL CASE Law of Total ProbabilityWhen S has only two partitionsSPECIAL CASE Law of Total Probability
  22. 22De Morgan's Laws1. The complement of the union of n events is the intersection of the complements of the events
    2. The complement of the intersection of n events is the union of the complements of the events
    De Morgan's Laws
  23. 23Conditional ProbabilityIs the probability that an event occurs based on a condition, or given that another event has occurred.
    Notation: the probability that event A occurs given that event B has occurred is Pr(A|B)
  24. 24Conditional Probability FormulaPr(A & B)/ Pr(A|B) = Pr (B)
    for Pr(B) not equal to 0
    Similarly, the formula for A' given B is,
    Pr(A' & B)/
    Pr(A'|B) = Pr(B)
    for Pr(B) not equal to 0
    From the Law of a Total Probability, Pr(A|B) + Pr(A'|B) = 1
  25. 25Conditional Probability Independence FormulasPr(A&B) = Pr(A|B) • Pr(B)
    Formula conditioned on event A:
    Pr(B&A) = Pr(B|A) • Pr(A)
  26. 26The Multiplicative Law of ProbabilitySince Pr(A&B) = Pr(B&A)
    Pr(A|B) • Pr(B) = Pr(B|A) • Pr(A)
  27. 27Bayes' TheoremPr(Ai|B) = [Pr(B|Ai) • Pr(Ai)] / [SUM of Pr(B|Ai) • Pr(Ai)]
  28. 28FactorialNumber of permutations of a set of n instinct elements
    Formula: n!
    ORDER MATTERS
  29. 29PermutationsNumber of ways to arrange k out of n elements
    n! /
    Formula: nPk = (n-k)!
    ORDER MATTERS
  30. 30CombinationNumber of ways to draw k elements out of n distinct elements
    n! /
    Formula: nCk = (n-k)!•k!
    ORDER DOES NOT MATTER
  31. 31PartitionNumber of ways to divide n distinct elements into r groups
    ORDER DOES NOT MATTER (more general than combination)
    -------------------------
    Number of permutations of n non-distinct elements
    ORDER MATTERS (more general than factorial
    -------------------------
    Formula:
    n! /
    k1•k2!•...•kr!

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Actuary (Exam P) Flashcards on General Probability, created by hinal vaghela on 07/09/2017.
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hinal vaghela
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