Summary: This module introduces the concept of probability as a mathematical measure of randomness, including a number of real-world applications.
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Probability is the mathematical tool used to study randomness. It deals with the chance of an event occurring. For example, if you toss a fair coin 4 times, the outcomes may not be 2 heads and 2 tails. However, if you toss the same coin 4,000 times, the outcomes will be close to 2,000 heads and 2,000 tails. The expected theoretical probability of heads in any one toss is
The theory of probability began with the study of games of chance such as poker. Today, probability is used to predict the likelihood of an earthquake, of rain, or whether you will get a A in this course. Doctors use probability to determine the chance of a vaccination causing the disease the vaccination is supposed to prevent. A stockbroker uses probability to determine the rate of return on a client's investments. You might use probability to decide to buy a lottery ticket or not. In your study of statistics, you will use the power of mathematics through probability calculations to analyze and interpret your data.
"Collaborative Statistics was written by two faculty members at De Anza College in Cupertino, California. This book is intended for introductory statistics courses being taken by students at two- […]"