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Unformatted text preview: Lecture 3 Outline and Examples ( Â§ 2.32.5 in Ross) Axioms of Probabiliy basic properties of probabilities Applying basic properties of probabilities Example. Rich and Famous . In a certain population, 10% of the people are rich, 5% are famous, and 3% are rich and famous. For a person picked at random from this population: Applying basic properties of probabilities Example. Rich and Famous . In a certain population, 10% of the people are rich, 5% are famous, and 3% are rich and famous. For a person picked at random from this population: Problem 1 : What is the chance that the person is not rich? Applying basic properties of probabilities Example. Rich and Famous . In a certain population, 10% of the people are rich, 5% are famous, and 3% are rich and famous. For a person picked at random from this population: Problem 1 : What is the chance that the person is not rich? Solution. Applying basic properties of probabilities Example. Rich and Famous . In a certain population, 10% of the people are rich, 5% are famous, and 3% are rich and famous. For a person picked at random from this population: Problem 1 : What is the chance that the person is not rich? Solution. Note: Here probabilities are defined by proportions in the population. Applying basic properties of probabilities Example. Rich and Famous . In a certain population, 10% of the people are rich, 5% are famous, and 3% are rich and famous. For apeople are rich, 5% are famous, and 3% are rich and famous....
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This note was uploaded on 06/05/2010 for the course STAT PStat 120a taught by Professor Rohinikumar during the Spring '10 term at UCSB.
 Spring '10
 RohiniKumar

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