Difference between revisions of "Some Probability Formulas"

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(Created page with "== Some useful probability formulas == '''The Addition Rule''' Consider 2 events, ''A'' and ''B''. To find the probability that either ''A'' or ''B'' (or both) will occur, w...")
 
(Some useful probability formulas)
 
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[[File:Addition_Rule_Formula.JPG]]
 
[[File:Addition_Rule_Formula.JPG]]
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We subtract the probability of both ''A'' and ''B'' occurring, as to not "double count" them. This can seen better by looking at the following Venn Diagram:
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[[File:A_and_B_Venn_Diagram.JPG]]
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'''Conditional Probability'''
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Sometimes we would like to know the probability of an event ''B''  occurring, given that another event ''A'' has already occurred. This in called conditional probability and we use the notation:
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[[File:Condition_Probability_Notation.JPG]]
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This is read as "The probability of B given A," and can be calculated as follows:
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[[File:Conditional_Probability_Formula.JPG]]
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''contributed by David Ciskowski''

Latest revision as of 10:40, 11 May 2022

Some useful probability formulas

The Addition Rule

Consider 2 events, A and B. To find the probability that either A or B (or both) will occur, we can use the following formula, called the addition rule:

Addition Rule Formula.JPG

We subtract the probability of both A and B occurring, as to not "double count" them. This can seen better by looking at the following Venn Diagram:

A and B Venn Diagram.JPG

Conditional Probability

Sometimes we would like to know the probability of an event B occurring, given that another event A has already occurred. This in called conditional probability and we use the notation:

Condition Probability Notation.JPG

This is read as "The probability of B given A," and can be calculated as follows:

Conditional Probability Formula.JPG

contributed by David Ciskowski