Probability was developed to solve gambling problems. A chance can be represented as any of:
- A percentage
- A fraction
- A decimal
The chance of something gives is the likelihood of something happening when repeated under the same conditions. Chances are between 0 and 100%.
The chance of something equals 100% - the probability of the opposite thing happening. This information is helpful when it's simpler to calculate the likelihood for the opposite of the desired probability.
Example: A coin toss has 2 possible outcomes, heads, and tails. $\{heads, tails\}$
$p(h)$ is the mathematical shorthand for something happening, in this case $p(h)$ would be the probability of heads.
- A deck of cards has 52 cards, 4 cards of each type and 13 different types.
- The chance of drawing a specific card is 1/52
- The chance of drawing a specific color is 1/2
- The chance of drawing a specific type of a card is 4/52, or 1/13
## Independent Events
If the chance of a second event does not change depending on the outcome of the first event, an event is considered independent. An example of this might be drawing from a deck of cards, then replacing the card.
If an event is influenced by other events, it is considered dependent. An example of this might be drawing from a deck of cards, not replacing, then drawing again.
Mutually exclusive events are events that cannot both occur within a given set of measurements. An example of this might be flipping a coin and getting both heads and tails on the same toss. You can only add the chance of two events together if the events are mutually exc