3.1 Basic Concepts of Probability and Counting • What are we going to learn about? – – – – – Probability Experiments The Fundamental Counting Principal The Three Different Types of Probabilities Complementary Events Applications 3.1 Basic Concepts of Probability and Counting • What exactly is a probability experiment? – Any chance process whose results can be well defined. • Examples: Card Draw, Coin Toss, Lottery Pick, etc. – Terms to know: • Outcome = the result of a single trial of an experiment. • Sample Space = the set of all possible outcomes in an experiment. The sample space is usually denoted by S. • Event = a subset of the sample space. Events are usually denoted by capital letters A, B, C, etc. *Remember that sample spaces and events are both sets! – Practice: • #22 p. 141 (sort of) • Rolling the dice 3.1 Basic Concepts of Probability and Counting • How do we calculate the probability of an event? – Classical (or Theoretical) Probability • The theoretical probability of event E is the ratio of the number of outcomes in E to the total number of outcomes in the sample space S. PE nE Number of outcomes in event E Total number of outcomes in the sample space S n S • Assumes all outcomes are equally likely. 3.1 Basic Concepts of Probability and Counting • Properties of Probabilities – The probability of any event E will always be between 0 and 1 inclusive. – The probability of an event that cannot occur is 0. – The probability of an event that is certain to occur is 1. – See p. 137 for information on determining the likelihood of an event. – Practice: • #52 p. 142 • #56 p. 143 (complementary events) 3.1 Basic Concepts of Probability and Counting • Other Types of Probability – Empirical (or Statistical) Probability • Based on collected observations • Represents the relative frequency of an event. • As the number of repetitions of an experiment increases, Empirical Probability of E → Theoretical Probability of E (Law of Large Numbers p. 136) – Subjective Probability • Based on intuition or an educated guess. – Practice: • #38 p. 142 – Historical Note: Joseph Jagger (1875 Monte Carlo Casino)