Learning Objectives
- Understand the concept of probability as a measure of uncertainty in random experiments.
- Explain the axiomatic approach to probability as formulated by A.N. Kolmogorov.
- Apply the addition rule of probability to calculate probabilities of events.
- Define and calculate conditional probability of an event given another event has occurred.
- Utilize Bayes' theorem to find reverse probabilities in various scenarios.
- Recognize the concept of independence of events and apply it to solve problems.
- Define random variables and their probability distributions, including mean and variance.
- Analyze and apply the binomial distribution in discrete probability scenarios.