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Statistics for business 2

Statistics for business 2

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Published by Hai Le
HCM International University
HCM International University

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Published by: Hai Le on Nov 01, 2008
Copyright:Attribution Non-commercial

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08/15/2010

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CHAPTER 4
BASIC PROBABILITY 
 
Learning Objectives
In this chapter, you learn:
 
Basic probability concepts and definitions
Conditional probability 
 Various counting rules
 
Important Terms
Probability – the chance that an uncertain event willoccur (always between 0 and 1)
Event– Each possible outcome of a variable
Sample Space– the collection of all possible events

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