Counting Techniques & Introduction to Probability.

May 13th, 2015
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The numerical interpretation of the tendency of an event to occur is called probability. Probability of happening of an event has two basic components.

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Counting Techniques & Introduction to ProbabilityIntroduction to probabilityThe numerical interpretation of the tendency of an event to occur is called probability. Probability of happening of an event has two basic components; event and sample space. Sample space is the all possible outcomes in a situation and an event is the event whose probability we want to calculate. Concepts of Probability are practically implementable in daily life problem [Arnold Kling]. Probability of an event can be calculated as;Probability of an Event = No of successful outcomes / Total No of all Possible OutcomesReal Life SituationTwo players David and Paul, Play a series of fair games until any one of them has won six games. Both David and Paul have wagered the same amount of money with the understanding that the winner takes all. But, suppose that the series of fair games is prematurely stopped for whatever reason at which point David has won five games and Paul three games. How is the stake to be divided among the players?Solution: As David has won five games and Paul three, David needs to win just one more game, while Paul needs to win three more games. Therefore, the play will b

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