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calculating probabilities
Bet:
Black
Let’s see what
happens.
Q:
Why do I need to know about
probability? I thought I was learning
about statistics.
A: There’s quite a close relationship
between probability and statistics. A lot
of statistics has its origins in probability
theory, so knowing probability will take your
statistics skills to the next level. Probability
theory can help you make predictions about
your data and see patterns. It can help you
make sense of apparent randomness. You’ll
see more about this later.
Q:
Are probabilities written as
fractions, decimals, or percentages?
A: They can be written as any of these.
As long as the probability is expressed in
some form as a value between 0 and 1, it
doesn’t really matter.
Q:
I’ve seen Venn diagrams before in
set theory. Is there a connection?
A: There certainly is. In set theory, the
possibility space is equivalent to the set of
all possible outcomes, and a possible event
forms a subset of this. You don’t have to
already know any set theory to use Venn
diagrams to calculate probability, though, as
we’ll cover everything you need to know in
this chapter.
Q:
Do I always have to draw a Venn
diagram? I noticed you didn’t in that last
exercise.
A: No, you don’t have to. But sometimes
they can be a useful tool for visualizing
what’s going on with probabilities. You’ll see
more situations where this helps you later on.
Q:
Can anything be in both events A
and A
I
?
A: No. A
I
means everything that isn’t in
A. If an element is in A, then it can’t possibly
be in A
I
. Similarly, if an element is in A
I
, then
it can’t be in A. The two events are mutually
exclusive, so no elements are shared
between them.
It’s time to play!
A game of roulette is just about to begin.
Look at the events on the previous page.
We’ll place a bet on the one that’s most
likely to occur—that the ball will land in a
black pocket.