Chapter 4 Probability and Probability Models Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-1 Probability 4.1 Probability, Sample Spaces, and Probability Models 4.2 Probability and Events 4.3 Some Elementary Probability Rules 4.4 Conditional Probability and Independence Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-2 Learning Objective 4-1: Define a probability, a sample space, and a probability model. • • • • • 4.1 Probability, Sample Spaces, and Probability Models An experiment is any process of observation with an uncertain outcome The possible outcomes for an experiment are called the experimental outcomes Probability is a measure of the chance that an experimental outcome will occur when an experiment is carried out The sample space of an experiment is the set of all possible experimental outcomes The experimental outcomes in the sample space are called sample space outcomes Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-3 Learning Objective 4-1: Define a probability, a sample space, and a probability model. Probability Conditions If E is an experimental outcome, then P(E) denotes the probability that E will occur and: Conditions 1. 0 P(E) 1 such that: – If E can never occur, then P(E) = 0 – If E is certain to occur, then P(E) = 1 2. The probabilities of all the experimental outcomes must sum to 1 Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-4 Learning Objective 4-1: Define a probability, a sample space, and a probability model. Assigning Probabilities to Sample Space Outcomes 1. Classical method • For equally likely outcomes 2. Relative frequency method • Using the long run relative frequency 3. Subjective method • Assessment based on experience, expertise or intuition Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-5 Learning Objective 4-1: Define a probability, a sample space, and a probability model. • • • Probability Models Probability model: a mathematical representation of a random phenomenon Random variable: a variable whose value is numeric and is determined by the outcome of an experiment Probability distribution: A probability model describing a random variable 1. Discrete probability distributions (Chapter 5) 2. Continuous probability distributions (Chapter 6) Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-6 Learning Objective 4-1: Define a probability, a sample space, and a probability model. • Some Important Probability Distributions Discrete probability distributions 1. Binomial distribution 2. Poisson distribution • Continuous probability distributions 1. Normal distribution 2. Exponential distribution Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-7 Learning Objective 4-2: List the outcomes in a sample space and use the list to compute probabilities. • • • 4.2 Probability and Events An event is a set of sample space outcomes The probability of an event is the sum of the probabilities of the sample space outcomes If all outcomes equally likely, the probability of an event is just the ratio of the number of outcomes that correspond to the event divided by the total number of outcomes Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-8 Learning Objective 4-2: List the outcomes in a sample space and use the list to compute probabilities. • • A newly married couple plans to have two children Would like to know all possible outcomes – BB • Example 4.1 Classical Method BG GB GG Want to know probabilities – Assuming all equal – P(BB) = P(BG) = P(GB) = P(GG) = ¼ Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-9 Learning Objective 4-2: List the outcomes in a sample space and use the list to compute probabilities. • • A company is choosing a new CEO There are four candidates – – – – • Example 4.3 Subjective Andy (A) Chung (C) Hill (H) Rankin (R) An industry analysts feels the probabilities are: – – – – P(A) = 0.1 P(C) = 0.2 P(H) = 0.5 P(R) = 0.2 Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-10 Learning objective 4-3: Use elementary profitability rules to compute probabilities. 4.3 Some Elementary Probability Rules 1. Complement 2. Union 3. Intersection 4. Addition 5. Conditional probability 6. Multiplication Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-11 Learning objective 4-3: Use elementary profitability rules to compute probabilities. Complement The complement A of an event A is the set of all sample space outcomes not in A P( A) 1 – P(A) Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-12 Learning objective 4-3: Use elementary profitability rules to compute probabilities. Figure 4.3 Complement Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-13 Learning objective 4-3: Use elementary profitability rules to compute probabilities. • The union of A and B are elementary events that belong to either A or B or both – • Union and Intersection Written as A B The intersection of A and B are elementary events that belong to both A and B – Written as A ∩ B Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-14 Learning objective 4-3: Use elementary profitability rules to compute probabilities. Example 4.4 Some Elementary Probability Rules (1 of 2) a) The event A is the shaded region b) The event B is the shaded region Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-15 Learning objective 4-3: Use elementary profitability rules to compute probabilities. Example 4.4 Some Elementary Probability Rules (2 of 2) c) The event A ∩ B is the shaded region d) The event A B is the shaded region Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-16 Learning objective 4-3: Use elementary profitability rules to compute probabilities. • • Mutually Exclusive A and B are mutually exclusive if they have no sample space outcomes in common In other words: P(A∩B) = 0 Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-17 Learning objective 4-3: Use elementary profitability rules to compute probabilities Example 4.5 Mutually Exclusive Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-18 Learning objective 4-3: Use elementary profitability rules to compute probabilities. • • The Addition Rule If A and B are mutually exclusive, then the probability that A or B (the union of A and B) will occur is P(A B) = P(A) + P(B) If A and B are not mutually exclusive: P(A B) = P(A) + P(B) – P(A ∩ B) where P(A∩B) is the joint probability of A and B both occurring together Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-19 Learning objective 4-4: Compute conditional probabilities and assess independence. • The probability of an event A, given that the event B has occurred, is called the conditional probability of A given B – • 4.4 Conditional Probability and Independence Denoted as P(A|B) Further, P(A|B) = P(A ∩ B) / P(B) – P(B) ≠ 0 Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-20 Learning objective 4-4: Compute conditional probabilities and assess independence. The General Multiplication Rule There • Given • P(A ∩ • P(A ∩ • are two ways to calculate P(A∩B) any two events A and B B) = P(A) P(B|A) B) = P(B) P(A|B) Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-21 Learning objective 4-4: Compute conditional probabilities and assess independence. Interpretation Restrict sample space to just event B • The conditional probability P(A|B) is the chance of event A occurring in this new sample space • In other words, if B occurred, then what is the chance of A occurring • Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-22 Learning objective 4-4: Compute conditional probabilities and assess independence. Independence of Events Two events A and B are said to be independent if and only if: P(A|B) = P(A) • This is equivalent to P(B|A) = P(B) • Assumes P(A) and P(B) greater than zero • Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-23 Learning objective 4-4: Compute conditional probabilities and assess independence. • The Multiplication Rule The joint probability that A and B (the intersection of A and B) will occur is PA B PA PB | A PB PA |B • If A and B are independent, then the probability that A and B will occur is: PA B PA PB PBPA Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-24 Learning objective 4-4: Compute conditional probabilities and assess independence. • Table 4.3 Contingency Tables A Contingency Table Summarizing Crystal’s Cable Television and Internet Penetration (Figures in Millions of Cable Passings) Events Has cable Does Not Have Total Internet Service , B Internet Service , B Has Cable Television Service 6.5 5.9 12.4 Does Not Have Cable 3.3 11.7 15.0 Television Service , A Total 9.8 17.6 27.4 Copyright ©2017 McGraw-Hill Education. All rights reserved. 4-25