Probability- Basics
Probability The likelihood of an event occurring What is an Event For Understanding, We take the example of flipping a coin There will be 2 Chance Head <-----------------> Tails Chance occurring is an event So, the event will be likely or unlikely to happen For Event Occurring --> 1 For Event not Occurring ---> 0 Define Formula A --> Event' P(A) --> Probability For Coin P(A) = 1/2= 0.5 For Dice P(A) = 1/6 =~ 0.167 So, Now We have to see the Probability of Two independent events same time P( A and B ) = P(A). P(B) Expected Values The average Outcome we expect if we run an experiment many times There are two kinds of Probability 1. Experimental Probability - 80 % 2. Theoretical ( True) Probability- 20% Experimental Probability – The probability we assign an event, based on an expe...