Learning Objectives
- Understand the concept of Classical Probability and calculate the probability of an event using the formula: , assuming equally likely outcomes.
- Apply the principle of Complementary Events where for any event , the relationship holds true.
- Identify Elementary Events as events with only one outcome and recognize that the sum of the probabilities of all elementary events in an experiment is 1.
- Distinguish between Probability of Sure and Impossible Events, where the probability of a sure event is 1 and that of an impossible event is 0.
- Differentiate between Empirical and Theoretical Probability, understanding that empirical probability is based on actual outcomes, while theoretical probability is based on assumptions and predictions.