This document contains comprehensive notes from Lecture 14 of the CO2412 course on Computational Thinking. The lecture introduces the fundamental concepts of probability, a crucial area in mathematics and statistics that measures the likelihood of events occurring. These notes cover the different t...
Introduction to Probability
1. What is Probability?
o Probability is the numerical measure of the likelihood that a
specific event will occur.
o The probability of any event ranges between 0 (impossible) and 1
(certain).
2. Basic Concepts
o Terms related to probability include chance, likelihood, uncertainty,
and risk.
Types of Probability
1. Classical Probability
o Classical Probability is determined by logical analysis rather than
observation. It is applicable in situations where all outcomes are
equally likely.
o Example: The probability of getting heads when flipping a fair coin
is 0.5.
2. Frequentist Probability
o Frequentist Probability relies on the frequency of occurrence of
an event over repeated trials.
o This approach is based on the Law of Large Numbers, which
states that as the number of trials increases, the relative frequency
of an event gets closer to the actual probability.
3. Subjective Probability
o Subjective Probability is based on personal judgment or
experience rather than objective data.
o Example: A manager estimating the likelihood of a project’s
success based on past experiences.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BpoBpo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.51. You're not tied to anything after your purchase.
