6.2 Introduction to Probability Terms: “What are the chances of…?” n Personal probability (subjective) ¨ Based on feeling or opinion. ¨ Gut reaction. n Empirical probability (evidence based) ¨ Based on experience and observed data. ¨ Based on relative frequencies. n Theoretical probability ¨ Precise meaning. ¨ Based on assumptions. ¨ In the long run… (formal) 1 The Deal n Bag o’ chips (poker chips). ¨ Some are red. ¨ Some are white. ¨ Some are blue. n Action: ¨ We Draw 1 chip from the bag. don t know how many of each of the three colors are in the bag. ¨ Assumption: Each chip has equal probability of being chosen (Same size, same weight, same texture, etc.) 2 Possible outcomes: n Draw a red chip. n Draw a chip. n Draw a blue chip. Definitions Outcomes are the most basic possible results of observations or experiments. An easy way to list the possible outcomes: R, W, B Example: Two-coin toss n Visual of possible outcomes: TT TH HT HH Note: each of these 4 outcomes is equally likely. n Suppose we’re interested in the number of heads… Example: Two-coin toss n Visual of possible outcomes: TT n Number TH HT HH 1 2 of heads… 0 1 Example: Two-coin toss n The event of getting 2 heads. n Occurs only when a HH is tossed. n One outcome coincides with this event. n The event of getting 1 head. n Occurs when either HT or TH is tossed. n Two outcomes coincide with this event. n Two outcomes represent the same event. Definitions An event is a collection of one or more outcomes that share a property of interest. Example: Two-coin toss n Probability ¨ P(1 head) = 2/4 = 0.50 n Probability ¨ P(0 of getting 0 heads. Sum to 1. heads) = 1/4 = 0.25 n Probability ¨ P(2 of getting 1 head. of getting 2 head. heads) = 1/4 = 0.25 We MUST get either 0, or 1, or 2 heads on the toss. So, the probabilities of these 3 events MUST sum to 1. Example: Two-coin toss Number of heads: 2 1 1 0 Note: each of these 4 outcomes is equally likely, and each has a ¼ chance of occurring. Probability Rules n A probability inclusive. n Something is a number between 0 and 1, 0 ≤ P ≤1 has to happen rule. ¨ The probability of the set of all possible outcomes of a trial must be 1. n A single coin toss: P(Head) + P(Tail) = 0.5 + 0.5 = 1 9 Probability Rules n A probability impossible. of 0 means the the event is n P(event)=0. n A probability of n P(event)=1. 1 means the event is certain. 10 Example: Roll of a 6-sided die n Six possible outcomes: 1, 2, 3, 4, 5, 6 ¨ The event of rolling an odd number on a die. n Occurs with a 1, 3, or 5. n Three outcomes in this event. n P(rolling an odd) = 3/6 = ½ = 0.5 n P(rolling a number larger than 6)=0 Note: each of these 6 outcomes is equally likely, and each has a 1/6 chance of occurring. Equally likely outcomes Theoretical Method for Equally Likely Outcomes Step 1. Count the total number of possible outcomes. Step 2. Among all the possible outcomes, count the number of ways the event of interest, A, can occur. Step 3. Determine the probability, P(A), from P(A) = number of ways A can occur total number of outcomes We used this technique for the events of ‘Rolling an odd’ and ‘Throwing 1 head’. 12
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