Notes 13-3 Basic Probability Warm-up Page 864 #48 I. A. B. C. D. Probability: Measure the chances of something happening. Sample Space – set of possible outcomes Event – any subset of the sample space Success – when desired outcome is received (p) E. F. G. H. I. Failure – when desired outcome is NOT received (1-p) P(certain) = 1 P(impossible) = 0 All probabilities are between zero and one Formula: P( success ) success number of outcomes in event , P E success failure total outcomes in sample space J. Independent events – 2 things happen without affecting each other. Two or more trials P . A B P A PB K. Mutually Exclusive Events– Two possible results for a single trial “Or” is used to describe the events. .P AorB P A P B L. Expected Value (mean) M. Average value of the outcomes Multiply each value by its probability and add the results In Calc, 1VARSTATS L1,L2 Probability Density Functions Sum of area of probabilities is 1 Graph of probability distribution II. Examples A box contains 50 candies. Twenty are strawberry, 15 are grape, 10 are lemon, and 5 are orange. One candy is selected from the box and the flavor is observed. 1. Give the sample space for the experiment. 2. What is the probability that a strawberry or orange candy will be drawn? 3. Is getting a lemon or getting an orange mutually exclusive? II. Examples A box contains 50 candies. Twenty are strawberry, 15 are grape, 10 are lemon, and 5 are orange. One candy is selected from the box and the flavor is observed. 4. Create a probability distribution and probability density function. Flavor Probability Strawberry Grape Lemon Orange II. Examples 5. The table below shows the probability distribution of the payoff on a $1 scatch-off lottery ticket. Find the expected value. Interpret these results. Payoff $0 Probability 0.91176 $5 $10 $20 $50 $100 $1000 0.06 0.02 0.006 0.002 0.0002 0.00004 6) The probability of losing a certain game is 0.7. If the game is played twice, what is the probability of: a. Losing both times? b. Winning both times? c. Losing once and winning once?
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