Introduction to Probability
We live in a world of uncertainty, and we are surrounded by situations which are not fully under our control…. Click here to read more
We live in a world of uncertainty, and we are surrounded by situations which are not fully under our control…. Click here to read more
The word experiment or random experiment is used when we want to make observations for a situation of uncertainty. The… Click here to read more
A complete list of all possible outcomes of a random experiment is called sample space or possibility space and is… Click here to read more
Any part of the sample space is called an event of probability. An event may contain one or more than… Click here to read more
The outcomes of a sample space are called equally likely if all of them have the same chance of occurring…. Click here to read more
Two events are called mutually exclusive or disjointed if they do not have any outcome common between them. If the… Click here to read more
Two events are called not mutually exclusive if they have at least one outcome in common. If the two events… Click here to read more
Exhaustive Events When a sample space $$S$$ is partitioned into some mutually exclusive events such that their union is the… Click here to read more
Sometimes the sample space $$S$$ is reduced in size and is called a reduced sample space. The symbol $${S_r}$$ may… Click here to read more
The term relative frequency is used for the ratio of the observed frequency of an outcome and the total frequency… Click here to read more
Probability is unusual and it has been defined in different manners. We can define probability in objective or subjective terms…. Click here to read more
A person may have some confidence or belief regarding the occurrence of some event, say A. The numerical measure of… Click here to read more