Difference between revisions of "Probability tree"

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(Created page with "For Independent events it is simple multiplication of each choice: {{{ P(plain chocolate) * P(brown eyes) = 0.2 X 0.3 = 0.06 }}} <html> <img src="/stati...")
 
(Replaced content with "Probability tree Category:mbi Category:Term")
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For [[Independent events|Independent events]] it is simple multiplication of each choice:
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Probability tree
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{{{
 
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P(plain chocolate) * P(brown eyes) = 0.2 X 0.3 = 0.06
 
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}}}
 
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<html>
 
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<img src="/static/files/MBI/Module%207/probabilitytreeindependent.PNG" width=600>
 
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</html>
 
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For [[Dependent events|Dependent events]] it is using conditional probability.
 
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{{{
 
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P(Woman) = P(Woman|Red) + P(Woman|Blue) + P(Woman|Yellow)
 
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}}}
 
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<html>
 
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<img src="/static/files/MBI/Module%207/probabilitytreedependent.PNG" width=500>
 
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</html>
 
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Part of [[M7-Quantitative Decision Methods-S2 - Probability and decision trees|M7-Quantitative Decision Methods-S2 - Probability and decision trees]]
 
 
[[Category:mbi]]
 
[[Category:mbi]]
  
 
[[Category:Term]]
 
[[Category:Term]]

Revision as of 19:20, 27 August 2020

Probability tree