Part 3 The Foundation of Statistical Inference: Probability and Sampling Chapter 4 Basic Probability Concepts.

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Presentation transcript:

Part 3 The Foundation of Statistical Inference: Probability and Sampling Chapter 4 Basic Probability Concepts

Introduction Types of Probability Deriving objective probabilities

Properties of a Probability

Basic Probability Concepts

Calculating Objective Probabilities Marginal Probability P(A) Joint Probability P(A ∩ B) Conditional Probability P(A/B)

Probability Rules

Probability Trees

Counting Rules – Permutations and Combinations The Multiplication Rule of Counting Permutations Rule Combinations Rule

Summary Exercises

End of Chapter 4 Applied Business Statistics Methods and Excel-based Applications Third edition TREVOR WEGNER ISBN 978-0-70217-774-3

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