Probability formulas:

Chapter 14:  From randomness to probability

1)  Probability is a number between 0 (certainly will not occur) and 1 (certainty will occur)

2)  Complement Rule:  P(A) = 1 - A'
       ex.  P(A)  = .8, then P(A') = .2

3)  Addition Rule states you can add the probabilities of events that have no outcome in common.  Events that cannot occur together are known as disjoint (mutually exclusive).

Formula:  P (A U B ) = P(A) + P (B)

4)  For two independent events A and B, the probability that both A and B occur is the product of the probabilities of the two events.

Formula:  P(A (INTERSECT) B) = P (A) X P (B), the events are independent

5)  And means multiplication
6)  Or means addition


Chapter 15:  Probability Rules

P(A U B) = P(A) + P (B) - P A (intersect B)

Independent events are mutually exclusive when P(A (intersect) B) = P(A) X P(B)

Conditional probability:

P(B|A) = P(A (intersect) B) / P(A)


Chapter 16:  Random variables - Expected values

tbc


Chapter 17:  Probability models
  
 
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