Probability of an Event
So far, we have introduced the sample of an experiment and used it to describe
events. In this section, we introduce probabilities associated to the events.
If a trial results in n-exhaustive, mutually exclusive and equally likely cases
and m of them are favourable to the occurrence of an event A, then the
probability of the happening of A, denoted by P(A), is given by
Note 2: If P(A) = 0 then A is called a null event, or impossible event.
Note 3: If P(A) = 1 then A is called a sure event.
Note 4: If
m is the number of cases favourable to A. Then m - n is favourable to "non
occurrence of A
Note 5: If the odds are a:b in favour of A then
This is the same as odds are b:a against the event A. Statistical or
Empirical Probability If a trial is repeated N number of times under essential
homogeneous
Axiomatic Approach to Probability Axiomatic approach to probability closely
relates the theory of probability to set theory. Let S be the sample space of
an experiment. Probability is a function, which associates a non-negative real
number to every event A of the sample space denoted by P(A) satisfying the
following axioms.
For every event A in S, P(A) � 0.
P(S) = 1.
If A1, A2, A3,�.An are mutually
exclusive events in S, then
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