Probability

  • Study of randomness
  • Probability values are always between 0 and 1.
  • Law of Large Numbers - the more we do something, the more likely we are to observe the expected results. Flipping a coin 10 times verses 100 times.

Definitions

  • Probability Experiment - a repeatable process where the results are uncertain.
  • Outcome - the result of a single trial
  • Sample space () - a set of all possible outcomes
  • Event () - an outcome or set of outcome of a probability experiment

Rules (Axioms) of Probability