PPT-Probability Practice

Write one probability sentence about each bag Use one of the following words or phrases in each sentence Likely but not certain Certain Impossible Likely but not certain Unlikely but not impossible. A brief digression back to . joint probability: . i.e. . both events . O. . and. . H. occur. .  . Again, we can express joint probability in terms of their separate conditional and unconditional probabilities. Assigning Probabilities and Probability Relationships. Chapter 4. BA 201. Assigning Probabilities. Assigning Probabilities. Basic Requirements for Assigning Probabilities. 1. The probability assigned to each experimental. AS91585. The language of probability questions. .. Section One. The question, "Do you smoke?" was asked of 100 people. . .. Yes. No. Total. Male. 19. 41. 60. Female. 12. 28. 40. Total. 31. 69. 100. The results are shown in the table.. http://mikeess-trip.blogspot.com/2011/06/gambling.html. 1. Uses of Probability. Gambling. Business. Product preferences of consumers. Rate of returns on investments. Engineering. Defective parts. Physical Sciences. Mat 271E. Yard. Doç. Dr. Tarkan Erdik. Probability Distributions. Uniform and Normal Distributions- Week 7. 1. Probability Distributions. 2. It has been observed that . certain functions . F(x). and . Sections 4.7, 4.8: Poisson and . Hypergeometric. Distributions. Jiaping. Wang. Department of Mathematical Science . 03/04/2013, Monday. Outline. Poisson: Probability Function. . Poisson: Mean and Variance. Unit 4. Introduction. Many decisions in business, insurance, and other real-life situations are made by assigning probabilities to all possible outcomes pertaining to the situation and then evaluating the results. For example, a saleswomen can compute the probability that she will make 0,1,2 or 3 or more sales in a single day. An insurance company might be able to assign probabilities to the number of vehicles a family owns. Once these probabilities are assigned, statistics such as mean, variance and standard deviations can be computed for these events. With these statistics, various decisions can be made.. Coins game. Toss 3 coins. You win if . at least two . come out heads. S. = { . HHH. , . HHT. , . HTH. , . HTT. , . T. HH. , . T. HT. , . T. TH. , . T. TT. }. equally likely outcomes. W. = { . HHH. Random Variables. Definition:. A rule that assigns one (and only one) numerical value to each simple event of an experiment; or. A function that assigns numerical values to the possible outcomes of an experiment.. calculus. 1 ≥ . Pr. (h) ≥ 0. If e deductively implies h, then Pr(h|e) = 1. .. (disjunction rule) If h and g are mutually exclusive, then . Pr. (h or g) = . Pr. (h) . Pr. (g). (disjunction rule) If h and g are . 3.1 . The Concept of Probability. 3.2 . Sample Spaces and Events. 3.3 . Some Elementary Probability Rules. 3.4 . Conditional Probability and Independence. 3.5 . Bayes’ Theorem. 3-. 2. Probability Concepts. Probability is used all of the time in real life. Gambling . Sports. Weather. Insurance. Medical Decisions. Standardized Tests. And others. Definition of Probability. “The . likelihood of something . Conditional Probability. Conditional Probability: . A probability where a certain prerequisite condition has already been met.. Conditional Probability Notation. The probability of Event A, given that Event B has already occurred, is expressed as P(A | B).. A value between zero and one that describe the relative possibility(change or likelihood) an event occurs.. The MEF announces that in 2012 the change Cambodia economic growth rate is equal to 7% is 80%..