Summary of Probability Chapter
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Theoretical Probability:
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Defined as:P(E) = Number of outcomes favourable to E / Number of all possible outcomes
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Assumes outcomes are equally likely.
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Probability Values:
- Probability of a sure event = 1
- Probability of an impossible event = 0
- For any event E, 0 ≤ P(E) ≤ 1
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Elementary Events:
- An event with only one outcome is called an elementary event.
- The sum of probabilities of all elementary events = 1.
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Complementary Events:
- For any event E, P(E) + P(not E) = 1.
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Experimental vs Theoretical Probability:
- Experimental probability is based on actual outcomes, while theoretical probability is based on assumptions.
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Equally Likely Outcomes:
- Outcomes are not always equally likely (e.g., drawing from a bag with different colored balls).
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Examples:
- Coin toss: P(head) = 1/2, P(tail) = 1/2.
- Drawing a ball from a bag with 3 red and 5 black balls: P(red) = 3/8, P(not red) = 5/8.
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Important Notes:
- Theoretical probability was defined by Pierre Simon Laplace in 1795.
- Probability theory has applications in various fields including biology, economics, and physics.