L2- Probability_updated.pptx - LECTURE 2 PROBABILITY 1...

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LECTURE GOALS After completing this chapter, you should be able to: Apply common rules of probability Apply the addition rule to solve problem Apply conditional probability formula to solve problems. 2
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3 IMPORTANT TERMS Probability – the chance that an uncertain event will occur (always between 0 and 1) Experiment – a process of obtaining outcomes for uncertain events, e.g. obtain a head from flipping a coin Sample Space – the collection of all possible experimental outcomes, e.g. S= (head,coin)
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