Difference between revisions of "M7-Quantitative Decision Methods-S2 - Probability"

Revision as of 19:20, 27 August 2020

M7-Quantitative Decision Methods-S2 - Probability

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-The basic relationships of probability are:
+M7-Quantitative Decision Methods-S2 - Probability
-{{{
-P(A or B) = P(A) + P(B) // for mutually exclusive events
-P(A or B) = P(A) + P(B) - P(A and B)  // for non-mutually exclusive events
-P(A and B) = P(A)*P(B) for independent events
-P(A and B) = P(A)*P(A or B) for dependent events
-}}}
-[[Binomial distribution|Binomial distribution]]
-{{:Binomial distribution}}
-[[Basic relationships in probability|Basic relationships in probability]]
-{{:Basic relationships in probability}}
-[[Probability tree|Probability tree]]
-{{:Probability tree}}
-[[Expected value|Expected value]]
-{{:Expected value}}
-[[Decision Trees|Decision Trees]]
-{{:Decision Trees}}
-[[Bayes Theorem|Bayes Theorem]]
-{{:Bayes Theorem}}
 [[Category:mbi]]