Chapter Overview: Probability
This chapter introduces the fundamental concepts of probability, which is a branch of mathematics that deals with calculating the likelihood of events occurring. Students will learn about experiments, outcomes, events, and how to compute probabilities using theoretical and experimental approaches.
Probability: Probability is a measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Key Concepts
- Experiment: An action that results in one or more outcomes.
- Outcome: A possible result of an experiment.
- Event: A collection of one or more outcomes.
- Sample Space: The set of all possible outcomes of an experiment.
Types of Probability
- Theoretical Probability: Probability based on reasoning and theoretical principles.
- Experimental Probability: Probability calculated based on actual experiments and observations.
Probability Formula
The probability of an event E is given by:
P(E) = Number of favorable outcomes / Total number of possible outcomes
Examples
Example 1: Tossing a fair coin. The probability of getting heads is 1/2.
Example 2: Rolling a die. The probability of getting an even number is 3/6 = 1/2.
Applications
Probability is widely used in various fields such as statistics, finance, science, and engineering to predict outcomes and make informed decisions.