Probability | Elementary Principles



Wax mind to decipher logical reasoning from numbers

What you will learn

Probability Basics: Definition, Universal Formula, Ways to Report, & Ways 2 measure

Conditional Probability

Tree Diagram

Types of Events

Basic Counting Techniques

Bayes’ Theorem

Description

The inspiration to learn the skill of probability comes while reading best minds of past and present times. For instance:

If you don’t get elementary probability into your repertoire.. you go through life like a one-legged man in an ass-kicking contest. — Charlie Munger

It is remarkable that a science, which began with the consideration of games of chance, should be elevated to the rank of the most important subject of human knowledge. — Pierre Simon Laplace

The theory of probabilities and the theory of errors now constitute a formidable body of great mathematical interest and of great practical importance. — R.S. Woodward


The theory of probabilities is simply the Science of logic quantitatively treated. — C.S. PEIRCE

After organizing all my learnings, I have created a concise body of knowledge. The same I host formally so that not only I can revise the basics of probability with least amount of effort and time but also help other fellow learners who are inclined to learn this skill. Above all, it clears my thinking and provides me an opportunity to get feedback from fellow learners so that I can improve my thinking on an ongoing basis.

I wish you all the energy and happy learning!!!

English
language

Content

Introduction

Instructor Intro
Course Introduction
Table of Content
Terminologies
Notations
Probability Basics
The Learning Tools

Approaches to probability

Approaches: Experimental (Empirical) | Theoretical (Classical/Exact) | Axiomatic

Conditional Probability

Conditional Probability: Concept, Definition, Significance, and Examples

Multiplication rule of probability

Multiplication rule of probability: Concept and Examples

Types of Events

Types of Events: 1- Non-Mutually Exclusive Event
Types of Events: 2- Mutually Exclusive (disjoint) Event
Types of Events: 3- Dependent (Conditional) Event
Types of Events: 4- Independent Event

Tree Diagram

Tree Diagram: Significance and Examples

Bayes’ Theorem

Bayes’ Theorem: Concept and Examples

Basic counting techniques:

Fundamental Principle of Counting
Permutations
Combinations

Chao!!!

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