Probability and Random Sampling
Probability and Random Sampling
Probability
means possibility. It is a branch of mathematics that deals with the occurrence of a random event. The value is expressed from zero to one.
Probability has been introduced in Maths to predict how likely events are to happen.
The meaning of probability is basically the extent to which something is likely to happen. This is the basic probability theory, which is also used in
the probability distribution, where you will learn the possibility of outcomes for a random experiment. To find the probability of a single event to
occur, first, we should know the total number of possible outcomes.
Types of Probability
There are three major types of probabilities:
Theoretical Probability
Experimental Probability
Axiomatic Probability
Theoretical Probability
It is based on the possible chances of something to happen. The theoretical probability is mainly based on the reasoning behind probability. For
example, if a coin is tossed, the theoretical probability of getting a head will be ½.
Experimental Probability
It is based on the basis of the observations of an experiment. The experimental probability can be calculated based on the number of possible
outcomes by the total number of trials. For example, if a coin is tossed 10 times and heads is recorded 6 times then, the experimental probability
for heads is 6/10 or, 3/5.
Axiomatic Probability
In axiomatic probability, a set of rules or axioms are set which applies to all types. These axioms are set by Kolmogorov and are known
as Kolmogorov’s three axioms. With the axiomatic approach to probability, the chances of occurrence or non-occurrence of the events can be
quantified. The axiomatic probability lesson covers this concept in detail with Kolmogorov’s three rules (axioms) along with various examples.
Conditional Probability is the likelihood of an event or outcome occurring based on the occurrence of a previous event or outcome.
Probability of an Event
Assume an event E can occur in r ways out of a sum of n probable or possible equally likely ways. Then the probability of happening of the
event or its success is expressed as;
P(E) = r/n
The probability that the event will not occur or known as its failure is expressed as:
P(E’) = (n-r)/n = 1-(r/n)
E’ represents that the event will not occur.
Therefore, now we can say;
P(E) + P(E’) = 1
This means that the total of all the probabilities in any random test or experiment is equal to 1.
Complementary Events
The possibility that there will be only two outcomes which states that an event will occur or not. Like a person will come or not come to your
house, getting a job or not getting a job, etc. are examples of complementary events. Basically, the complement of an event occurring in the
exact opposite that the probability of it is not occurring. Some more examples are:
Probability Theory
Probability theory had its root in the 16th century when J.Cardan, an Italian mathematician and physician, addressed the first work on the topic,
The Book on Games of Chance. After its inception, the knowledge of probability has brought to the attention of great mathematicians.
Thus, Probability theory is the branch of mathematics that deals with the possibility of the happening of events. Although there are many
distinct probability interpretations, probability theory interprets the concept precisely by expressing it through a set of axioms or hypotheses.
These hypotheses help form the probability in terms of a possibility space, which allows a measure holding values between 0 and 1. This is
known as the probability measure, to a set of possible outcomes of the sample space.
Sample Space The set of all the possible outcomes 1. Tossing a coin, Sample
to occur in any trial Space (S) = {H,T}
Term Definition Example
Impossible Event The event cannot happen In tossing a coin, impossible to get
both head and tail at the same time