1. Basic Concepts of Probability Coach Bridges NOTES

2. Important Definitions Probability Experiment- an action, or trial, through which specific results are obtained Outcome- the results of a single trial in a probability experiment Sample Space- set of all possible outcomes of a probability experiment Event- consists of one or more outcomes and is a subset of the sample space

3. Tree Diagrams A way to list outcomes for actions occurring in a sequence

4. Example Try and create a tree diagram of the sequence of the 3 following activities: The probability of the color of a playing card Tossing a Coin Rolling a die

5. Answer

6. Probability of an Event Simple Event- event that consists of a single outcome Turn to Page 129 of your Textbooks

7. Fundamental Counting Principle If one event can occur in m ways and a second event can occur in n ways, the number of ways the two events can occur in sequence is m times n This rule can be extended to any number of events occurring in sequence

8. Types of Probability There are three types of Probability: Classical (Theoretical) Probability Empirical (Statistical) Probability Subjective Probability

9. Classical (or Theoretical) Used when each outcome in a sample space is equally likely to occur P(E) = Number of outcomes in E Total # of outcomes in a sample space Page 132

10. Empirical (or Statistical) Based on observations obtained from probability experiments The empirical probability of an event E is the relative frequency of event E P(E) = Frequency of event E Total Frequency Page 133

11. Subjective Probability Probabilities result from intuition, educated guesses, and estimates No equation Law of Larger Numbers As an experiment is repeated over and over, the empirical probability of an event approached the theoretical probability

12. Range of Probabilities Rule The probability of an event E is between 0 and 1, inclusive 0 < P(E) < 1 Probability of an event is 1, the event is certain to occur Probability of an event is 0, the event is impossible to occur

13. Complement of event E The set of all outcomes in a sample space that are not included in event E The complement of event E is denoted by E’ and is read as “E Prime”