Ch 15: Principles of Probability

About This Chapter

Strengthen your knowledge of the principles of probability by watching entertaining videos that you can access via any computer, smartphone or tablet. Enjoy learning in an interactive online environment that makes studying for an upcoming exam, discussion or assignment fun!

Principles of Probability - Chapter Summary

The comprehensive video lessons in this chapter help you easily learn the principles of probability. Each brief lesson takes a close look at a different aspect of the principles and elements of probability, enabling you to review only those topics you need to work on. Study at your own pace thanks to around-the-clock access to these study materials. Upon completion, you should be ready to do the following:

  • Define classical probability, and convert probability to percentages
  • Calculate the probability of independent and dependent events
  • Find the probabilities of mutually exclusive and non-mutually exclusive events using the addition rule of probability
  • Solve probability equations using the multiplication rule of probability
  • Share the definition and types of random variables
  • Explain the use of binomial distributions, and calculate the binomial distribution formula

You have the choice of watching the lesson videos or reading the written transcripts. Use one or both formats to strengthen your knowledge of the principles of probability in the way that best suits your learning style. Take the multiple-choice quiz with each lesson to ensure you fully comprehend the concepts you've explored. You can track your progress through the chapter and get answers to any questions you have about the lessons using the Dashboard.

6 Lessons in Chapter 15: Principles of Probability
Test your knowledge with a 30-question chapter practice test
Classical Probability: Definition, Approach & Examples

1. Classical Probability: Definition, Approach & Examples

In this lesson, you will learn about classical probability, its formula, and how to convert probability to percentages. You will have a chance to practice your newfound skills with several examples.

Probability of Independent and Dependent Events

2. Probability of Independent and Dependent Events

Sometimes probabilities need to be calculated when more than one event occurs. These types of compound events are called independent and dependent events. Through this lesson, we will look at some real-world examples of how to calculate these probabilities.

The Addition Rule of Probability: Definition & Examples

3. The Addition Rule of Probability: Definition & Examples

In this lesson, you will learn the differences between mutually exclusive and non-mutually exclusive events and how to find the probabilities of each using the Addition Rule of Probability.

The Multiplication Rule of Probability: Definition & Examples

4. The Multiplication Rule of Probability: Definition & Examples

The Multiplication Rule of Probability is a concept you will use frequently when solving probability equations. In this lesson, learn the two different scenarios in which you will use the multiplication rule of probability.

Random Variables: Definition, Types & Examples

5. Random Variables: Definition, Types & Examples

This lesson defines the term random variables in the context of probability. You'll learn about certain properties of random variables and the different types of random variables.

Binomial Distribution: Definition, Formula & Examples

6. Binomial Distribution: Definition, Formula & Examples

You have a probability distribution to create, which one do you use? That depends. In this lesson, learn about binomial distributions, get examples and criteria for their use, and learn how to calculate the binomial distribution formula.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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