Probability and Statistics Lecture 8

Lesson Objectives - the students should be able to:

• Define Probability
• Learn different terms used in Probability
• Differentiate types of Probability
• Could predict an outcome using Subjective Probability
• Could predict an outcome using Empirical Probability
• Learn the additional rule
• Learn the conditional probability and the multiplication rule

LESSON OUTLINE:

• Definition of terms
• Subjective Probability
• Classical Probability / Theoretical Probability
• Empirical Probability / Statistical Probability
• Law of Large Number
• Complementary Events
• The Addition Rule
• Conditional Probability and the Multiplication Rule
• The AND Rule of Probability
• NOT Rule
• Combining the Rules
• Summary
• Seatwork/Exercies
• Homework

Probability and Statistics Lecture 8

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• Probability and Statistics Course Outline

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