The
law of total probability can be defined as marginal probability to conditional
probability. Total probability elaborates the outcomes of the distinct several
events [1]. Total probability
law can be used when there is no clear information regarding the probability of
events [2].
1.
Bayesian/
Bayes Theorem
The
Bayesian/ Bayes theorem refers to the statistical technique through which
conditional/ unconditional probability of the event B can be found if the
probability of the A is given and vice versa [3]. The Bayes theorem
can support in revising an existing prediction by the given evidence.
2.
Unconditional
and conditional probability
Unconditional
and conditional probability are two different types of the probability. Conditional
probability provide information about the occurrence of an event on the basis
of the previous outcomes and events [4]. The unconditional
probability is concerned with the independent chance of the single outcomes
results. It elaborates that events are independent and therefor outcomes of the
independent events take place independently.
3.
Joint
Probability
Joint probability elaborates the likelihood
for the situation of two events that occurs relatively at the same time. In
other words joint probability elaborates that event A and event B are occurring
simultaneously [5].
4.
Additional
rule
The
additional rule of the statistics elaborates the concept of addition/ sum in
the two different events. According to this rule we calculate the probability
by adding up the probability of the event G and event F. Additional rule shows that events are mutually exclusive even
the events are not occurring simultaneously [6].
5.
Multiplication
rule
Multiplication
rule is very important rule in the statistics. The concept of multiplication
rule is related to the two events occurring independently [7]. In this rule
probabilities of the two events can be simply multiplied. For instance,
multiplying the probability of the event G with the probability of the event
F. The P (G) P(F|G) = P (G ∩ F).
6.
Independent
and dependent probability
Independent probability means the outcomes of an event is
not influenced by the outcome of the other event. While dependent probability
refers to the outcome that is influenced by the outcomes of another event. For instance,
if the event A is changing the probability of the event B we will consider it
as dependent probability [8]. The outcomes of the
both dependent and independent probability cannot be same for an event.
7.
Axion
of Probability
Axion Probability provide information
about the outcome of the event as mathematically self-evident. The probability
of an event can be between 0 - 1. The axiom one refers that probability is not
negative (in case of 0 outcome), the axiom 2 refers P=1, and the third axiom
provide information regarding the mutually exclusive events [9].
References of Statistics
[1]
|
Probabilitycourse.com,
"Law of Total Probability," 2018. [Online]. Available:
https://www.probabilitycourse.com/chapter1/1_4_2_total_probability.php.
[Accessed 23 10 2018].
|
[2]
|
C. M. Grinstead and
J. L. Snell, Introduction to Probability, American Mathematical Soc, 2012,
p. 510.
|
[3]
|
Brilliant.org,
"Bayes' Theorem and Conditional Probability," 2018. [Online].
Available: https://brilliant.org/wiki/bayes-theorem/. [Accessed 23 10
2018].
|
[4]
|
Financetrain.com,
"Unconditional and Conditional Probabilities," 2018. [Online].
Available:
https://financetrain.com/unconditional-conditional-probabilities/.
[Accessed 23 10 2018].
|
[5]
|
A. Kozak, R. Kozak,
S. Watts and C. Staudhammer, Introductory Probability and Statistics:
Applications for Forestry and Natural Sciences, CABI, 2008, p. 408.
|
[6]
|
Mathgoodies.com,
"Addition Rules for Probability," 2018. [Online]. Available:
https://www.mathgoodies.com/lessons/vol6/addition_rules. [Accessed 23 10
2018].
|
[7]
|
Algebralab.org,
"Multiplication Rule of Probability," 2018. [Online]. Available:
http://www.algebralab.org/lessons/lesson.aspx?file=Algebra_ProbabilityMultiplicationRule.xml.
[Accessed 23 10 2018].
|
[8]
|
Statisticshowto.datasciencecentral.com,
"Dependent Events and Independent Events," 2018. [Online].
Available:
https://www.statisticshowto.datasciencecentral.com/probability-and-statistics/dependent-events-independent/.
[Accessed 23 10 2018].
|
[9]
|
Thoughtco.com,
"What Are Probability Axioms?," 2018. [Online]. Available:
https://www.thoughtco.com/what-are-probability-axioms-3126567. [Accessed 23
10 2018].
|
[10]
|
J. V. Stone, Bayes'
Rule: A Tutorial Introduction to Bayesian Analysis, Sebtel Press, 2013, p.
170.
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