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Theoretical overview of probability and types
Introduction :-
 Probability is a branch of
mathematics that deals with the
occurrence of a random event.
For example, when a coin is
tossed in the air, the possible
outcomes are Head and Tail.
Formula :-
 Probability of event to happen P(E) =
Number of favorable outcomes
Total Number of outcomes
Example :-
1) There are 6 pillows in a bed, 3 are red, 2 are yellow and 1 is blue.
What is the probability of picking a yellow pillow?
Ans: The probability is equal to the number of yellow pillows in the bed
divided by the total number of pillows, i.e. 2/6 = 1/3.
Types :-
 Theoretical Probability :
It is based on the possible chances of something to happen.
 Experimental Probability :
It is based on the basis of the observations of an experiment.
 Axiomatic Probability :
In axiomatic probability, a set of rules or axioms are set, which applies to all types
events :
1) Equally likely events
Equally likely events in probability are those events in which the
outcomes are equally possible.
2) Complementary events
When there are two events such that one event can occur if and only if
the other does not take place then such events are known as
complementary events.
3) Impossible events
An event that can never happen is known as an impossible event.
4) Mutually exclusive events
Events that cannot occur at the same time are known as mutually
exclusive events.
Applications :-
 Weather
 Sports
 Insurance
 Games
THANK YOU

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Theoretical overview of probability and types.pptx

  • 1. Theoretical overview of probability and types
  • 2. Introduction :-  Probability is a branch of mathematics that deals with the occurrence of a random event. For example, when a coin is tossed in the air, the possible outcomes are Head and Tail.
  • 3. Formula :-  Probability of event to happen P(E) = Number of favorable outcomes Total Number of outcomes Example :- 1) There are 6 pillows in a bed, 3 are red, 2 are yellow and 1 is blue. What is the probability of picking a yellow pillow? Ans: The probability is equal to the number of yellow pillows in the bed divided by the total number of pillows, i.e. 2/6 = 1/3.
  • 4. Types :-  Theoretical Probability : It is based on the possible chances of something to happen.  Experimental Probability : It is based on the basis of the observations of an experiment.  Axiomatic Probability : In axiomatic probability, a set of rules or axioms are set, which applies to all types
  • 5. events : 1) Equally likely events Equally likely events in probability are those events in which the outcomes are equally possible. 2) Complementary events When there are two events such that one event can occur if and only if the other does not take place then such events are known as complementary events. 3) Impossible events An event that can never happen is known as an impossible event. 4) Mutually exclusive events Events that cannot occur at the same time are known as mutually exclusive events.
  • 6. Applications :-  Weather  Sports  Insurance  Games