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PROBABILITY
Ex. A committee has 8 females and 12 males members. What is the probability of choosing a
female as the president of this commitee?
=
P (choosing a female president) = 8/20 or 2/5
COMPOUND EVENTS
compound event is one in which there is more than one possible outcome.
compound event describes the probabilistic outcomes from two or more events. Probability of
a compound event is combination of probability of two or more simple events. For example,
rolling two dices or rolling a dice and tossing a coin.
Two events are mutually exclusive if they cannot occur at the same time. Another
word that means mutually exclusive is disjoint.
If two events are disjoint, then the probability of them both occurring at the same time
is 0.
If two events are mutually exclusive, then the probability of either occurring is the
sum of the probabilities of each occurring.
Always valid.
Independent Events
When two events are said to be independent of each other, what this means is that the
probability that one event occurs in no way affects the probability of the other event occurring.
An example of two independent events is as follows; say you rolled a die and flipped a coin.
The probability of getting any number face on the die in no way influences the
probability of getting a head or a tail on the coin.
Dependent Events
When two events are said to be dependent, the probability of one event occurring influences
the likelihood of the other event.
For example, if you were to draw a two cards from a deck of 52 cards. If on your first draw you
had an ace and you put that aside, the probability of drawing an ace on the second draw
is greatly changed because you drew an ace the first time. Let's calculate these different
probabilities to see what's going on.
Example:
If we don't return this card into the deck, the probability of drawing an ace on the second pick
is given by
Rules
Median-Middle part
QUARTILE
FORMULA=
DECILES
FORMULA=
PERCENTILES
-Are the 99 points that divide into 100 equal parts
FORMULA=
FORMULA=
where:
N/4=5