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Probability of an Event:
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Properties of Probability:
1. P(A) 0 (Non-Negative)
2. Probability lies between 0 and 1.
3. If A and B are mutually exclusive then Probability of
P(AB)=P(A)+P(B)
Laws of Probability:
1. Complement Law (
P(A)
2. Law of Addition: P(A or B) = P(AB) = P(A) + P(B) P(AB)
If A and B are mutually exclusive then Probability of
P(AB) = P(A) + P(B)
3. Law of Multiplication: P(A and B) = P(AB) = P(A) * P(B)
Probability Distribution
Properties:
1) Experiment will be categorized into success and failure.
2) The probability of success remains fixed for each trial.
3) Numbers of trials are fixed.
4) The trials are independent.
Binomial Probability Distribution:
random variable (r.v X has binomial probability distribution
if and only if it has probability function:
P(X) = nCx . px . qn-x
(where x=random variable, n=no. of trials, p=probability of success
in each trial, q=probability of failure in each trial=1-p)
Parameters:
Binomial Probability Distribution has two parameters n and p.
Properties of Binomial Probability Distribution:
1) Area: The sum of all probabilities is always equals to 1.
P(x)=1
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2) Mean:
3) Variance:
4)
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Standard Deviation:
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Mean:
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Variance:
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Laws of Probability:
1. Law of Complement:
( ) = 1 P(A)
P(A) = 1 P( )
2. Law of Addition:
Not Mutually Exclusive Events (something in common)
P(AB) = P(A) + P(B) P(AB)
Mutually Exclusive Events (totally different)
P(AB) = P(A) + P(B)
3. Law of Multiplication:
Independent Events:
P(AB) = P(A) * P(B)
Dependent Events:
P(AB) = P(A) * P(B/A)
P(AB) = P(B) * P(A/B)
Conditional Probability:
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