probability: the chance that a particular event will occur. when do people use probability ◦...

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Page 1: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather
Page 2: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather

Probability: the chance that a particular event will occur.

When do people use probability◦ Investing in stocks◦ Gambling◦ Weather

Page 3: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather

What is the probability that tomorrow will be Thursday?

What is the probability that tomorrow will be Monday?

Page 4: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather

What is the probability that it will rain tomorrow?

What is the probability that you will find $5 today?

Page 5: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather

0Will Not Happen

1Will Happen

Page 6: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather

What is the probability that you will get tails when you flip a coin?

Experiment: Flip a coin 100 times. How many heads do you predict you will

get? How many tails do you predict you will get?

Page 7: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather

Using what we learned from the coin flip experiment:

What is the probability that you will roll a 3 using a six-sided die?

What is the probability that you will roll a 6

What is the probability that you will get a 3 or a 6?

Page 8: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather

What is the probability that you draw a 9 of hearts from the deck?

What is the probability that you draw a jack from the deck?

You draw a jack from the deck of cards. You leave the jack out of the deck, what is the probability that you will draw a jack the second time?

Page 9: Probability: the chance that a particular event will occur.  When do people use probability ◦ Investing in stocks ◦ Gambling ◦ Weather

Color Fraction

Decimal Percent

Blue 13/55 .23 23%Green 13/55 .23 23%Brown 6/55 .10 10%Yellow 10/55 .18 18%Orange 9/55 .16 16%Red 4/55 .07 7%