This presentation introduces probability and key concepts including:
- Calculating probability using the formula of favorable outcomes divided by total outcomes.
- Experimental and theoretical probabilities approaching each other as experiments increase (Law of Large Numbers).
- Basic probability rules including legitimate values between 0 and 1, sample space equals 1, addition, multiplication for independent events, and at least one event occurring.
- Examples are provided to demonstrate calculating probabilities of events including dependent vs independent events.
- Permutations and combinations are introduced to calculate arrangements and groupings of outcomes.