BASIC PROBABILITY - STA1510 UNISA MODULE - BASIC CONCEPTS + WORKED EXAMPLES

#unisa #business #statistics #sta1510
We'll go over simple probability in this video.

This unit's main questions are
Define the term #probability. Differentiate the three forms of likelihood.
What exactly do the #terms "#event," "#joint event," "and #complement of an event," and "#sample space" #mean? When is #P(A/B) #equal to #P(A)? What exactly does it mean when two events are #mutually #exclusive? Why can't mutually exclusive activities be #independent as well?

You should be able to relate #random circumstances and #probability to daily life once you've completed this study unit. Define a #sample #space, a case, and #complementary events distinguish between the #union and #intersection of events distinguish between #marginal, joint, and #conditional probabilities understand the concept of a #Venn diagram showing the sample space and the events within differentiate between marginal, #joint, and conditional probabilities #Distinguish between #mutually #exclusive and separate cases. understand the various fundamentals of chance counting describe and apply #probability's #fundamental #rules To answer more complex probability #questions, use #contingency #tables and tree diagrams.

Reference book: #business #statistics 7th edition by David M. Levine
ISBN 10: 1-29-209593-8
Course code : #STA1510 - #UNISA
#CHAPTER4 - #BASIC #PROBABILITY

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