 | Learning Objectives
(See related pages)
After studying this chapter, you should be able to:
- Define probability, sample space, and event.
- Distinguish between subjective and objective probability.
- Describe the complement of an event and the intersection and union of two events.
- Compute probabilities of various types of events.
- Explain the concept of conditional probability and how to compute it.
- Describe permutation and combination and their use in certain probability computations.
- Explain Bayes' theorem and its application.
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