Axiomatic Approach To Probability
Chapter Name : Probability |
Sub Topic Code : 104_11_16_04_02 |
Topic Name : Axiomatic Approach To Probability |
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Sub Topic Name : Probability Of An Event |
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Introduction
Probability of an event is the chance of the event occurring. Mathematically it can be between 0 and 1. 0 is an impossible event. 1 means a sure event.
Pre-Requisites:
Basics about chance, coin and card logics
Activity:
Observe on paper heads or tails are equally likely, meaning there is ½ chance for any one side to show up.
Real Life Question:
How does knowing probability of an event effect risk taking?
Key Words / FlashCards
| Key Words | Definitions (pref. in our own words) |
|---|---|
| Event | Outcome(s) of an experiment. |
| Mutually exclusive events | Events that cannot happen simultaneously have no outcome in common. |
| Sample space | All the possible outcomes make up the sample space. |
| Favorable outcome | Desirable outcomes of events. |
Learning aids / Gadgets
| Gadgets | How it can be used |
|---|---|
| Coin | Flipping a coin certain number to times to find the probability of heads or tails. |
Real life uses :
Use in finding probability of winning a game of lottery.
Practical examples around us
| Examples | Explainations |
|---|---|
| ½ chances of an even number showing up when throwing a die | Since there are 3 even numbers and total 6 numbers. The chances are 3/6 which is ½. |
What you learn in Theory:
The probability of occurrence of an event.
What you learn in Practice:
To calculate the chances of a favorable outcome and conduct an experiment.