Probability

Probability

1. Basic Concepts

   • Outcomes
     • Possible effects obtained from an experiment
   • Sample Space
     • Set of all possible results
   • Event
     • Sub-set of sample space
   • Experiments
     • Random phenomena

2. Events: "Not" or "Or"

   • Properties
     • 3.-Certain Event
     • 2.-Imposible Event
     • 1.-Probability Value
   • Prob. of the Complement
   • Prob. of the Addition

3. Events: "And"

   • Multiplication Rule
     • For any two events
     • For independent events
   • Conditional Probability
     • Probability of B given A

4. Venn Diagrams

   • Complement
   • Intersection
   • Union
   • Difference

5. Formulas

   • Theoretical
   • Empirical

6. Odds

   • If # a of results are favorable to event E, there is # b results of event that are not favorable
     • Odds in favor of E are a to b
     • Odds againts of E are b to a

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