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12 views

Probability_Project

Uploaded by

Bhavya Kumar Sharma
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Probability and Its Applications

Introduction

Definition of Probability:

Probability is a measure of the likelihood of an event occurring. It quantifies uncertainty and ranges

between 0 (impossibility) and 1 (certainty).

Historical Background:

Probability originated in the 16th century, studied primarily for games of chance. Mathematicians like

Blaise Pascal and Pierre de Fermat laid the foundation of modern probability theory.

Importance:

- Used in decision-making under uncertainty.

- Applied in fields like statistics, finance, insurance, medicine, and artificial intelligence.

Theoretical Probability

Definition:

The probability of an event E is given by the ratio of the number of favorable outcomes to the total

number of outcomes.

Formula:

P(E) = Number of favorable outcomes / Total number of outcomes

Example:

If a die is rolled, the probability of getting a "4" is:

P(4) = 1/6
Types of Probability

- Theoretical Probability: Based on logical analysis.

- Experimental Probability: Based on experiments or observations.

P(E) = Number of times event occurs / Total number of trials

- Subjective Probability: Based on personal judgment or experience.

Example:

- Theoretical: Tossing a coin.

- Experimental: Rolling a die 50 times and observing outcomes.

Conditional Probability

Definition:

The probability of an event A occurring given that another event B has occurred is called conditional

probability.

Formula:

P(A|B) = P(A and B) / P(B), where P(B) != 0

Example:

A bag contains 3 red and 5 blue balls. One ball is drawn, and it is red. Find the probability of drawing

another red ball without replacement.

P(2nd red | 1st red) = 2/7

Bayes' Theorem

Statement:

Bayes' theorem provides a way to find the probability of an event based on prior knowledge of
related events.

Formula:

P(A|B) = P(B|A) * P(A) / P(B)

Example:

A factory produces 80% of products in good condition and 20% defective. If a randomly selected

product tests defective, find the probability that it came from a specific batch.

Applications:

- Medical diagnostics.

- Machine learning and spam filtering.

Random Variables and Probability Distributions

Random Variable:

A variable that takes on numerical values based on outcomes of a random experiment.

Types:

- Discrete Random Variable: Takes distinct values (e.g., rolling a die).

- Continuous Random Variable: Takes any value in an interval (e.g., measuring height).

Examples:

- Binomial Distribution: Tossing a coin 10 times.

- Normal Distribution: Heights of students in a class.

Graph: Add a Normal Distribution Curve with a bell shape.


Applications of Probability

1. Games of Chance:

- Tossing coins, rolling dice, drawing cards.

2. Risk Management:

- Insurance companies calculate risks.

3. Weather Forecasting:

- Probabilities of rain or other weather conditions.

4. Stock Market:

- Analyzing fluctuations in share prices.

5. Reliability Testing:

- Machine life and product failure rates.

Examples and Problems from NCERT

Example 1:

A card is drawn from a standard deck of 52 cards. Find the probability of getting a king.

P(King) = 4/52 = 1/13

Example 2:

Two dice are rolled. Find the probability that the sum is 7.

Possible outcomes: (1,6), (2,5), (3,4), (4,3), (5,2), (6,1)

P(Sum = 7) = 6/36 = 1/6

Conclusion

- Probability provides a mathematical framework to deal with uncertainty.

- It has numerous applications in real-world scenarios like finance, science, and decision-making.

- Learning probability enhances logical reasoning and analytical thinking.


References

1. NCERT Class 12 Mathematics Textbook.

2. "Introduction to Probability and Statistics" by William Mendenhall.

3. Online resources like Khan Academy and BYJU's.

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