Business Mathematics and Basic Statistics · Ch 11 — Introduction to Probability
Classical Definition of Probability
5
Classical Definition of Probability
When the sample space of a random experiment consists of a finite number of equally likely outcomes, the classical (mathematical) definition of probability of an event is:
Basic properties that follow directly from this definition:
- for every event , since can range from (no favourable outcome) up to (every outcome favourable).
- — the sure event has probability exactly .
- — the impossible event has probability exactly .
- — the probability of an event NOT happening (its complement) is minus the probability of it happening, since the favourable outcomes for and for "not " together make up the whole of with no overlap.
Worked illustration: for a single fair die roll, the event "getting a number greater than " has favourable outcomes , so against , giving .
Note
The Formula ONLY Applies When Outcomes Are Equally Likely …
Definition 8Classical probability
, the ratio of favourable outcomes to total outcomes, valid only when every outcome in is equally likely. Always sat …
Definition 9Complementary event
"Not ", the event that does NOT occur. , since the outcomes favourable to and to "not " together make up …