Statistics deals with data analysis while probability deals with chance and uncertainty.
Overview
graph TD
A[Stats & Probability] --> B[Statistics]
A --> C[Probability]
B --> B1[Central Tendency]
B --> B2[Dispersion]
C --> C1[Basic Probability]
C --> C2[Conditional]Statistics
Measures of Central Tendency
Mean:
$$\bar{x} = \frac{\sum x_i}{n} = \frac{\sum f_i x_i}{\sum f_i}$$Median: Middle value when arranged in order
Mode: Most frequent value
Measures of Dispersion
Range: Max - Min
Mean Deviation:
$$MD = \frac{\sum |x_i - \bar{x}|}{n}$$Variance:
$$\sigma^2 = \frac{\sum (x_i - \bar{x})^2}{n} = \frac{\sum x_i^2}{n} - \bar{x}^2$$Standard Deviation:
$$\sigma = \sqrt{\text{Variance}}$$Coefficient of Variation
$$CV = \frac{\sigma}{\bar{x}} \times 100$$Used to compare variability of different datasets.
Probability
Basic Definitions
Sample Space (S): Set of all possible outcomes
Event (E): Subset of sample space
Probability: $P(E) = \frac{n(E)}{n(S)}$
Properties
- $0 \leq P(E) \leq 1$
- $P(S) = 1$
- $P(\phi) = 0$
- $P(E') = 1 - P(E)$
Addition Rule
$$P(A \cup B) = P(A) + P(B) - P(A \cap B)$$For mutually exclusive events:
$$P(A \cup B) = P(A) + P(B)$$Conditional Probability
$$P(A|B) = \frac{P(A \cap B)}{P(B)}$$Multiplication Rule
$$P(A \cap B) = P(A) \cdot P(B|A) = P(B) \cdot P(A|B)$$For independent events:
$$P(A \cap B) = P(A) \cdot P(B)$$Bayes’ Theorem
$$\boxed{P(A_i|B) = \frac{P(B|A_i) P(A_i)}{\sum_{j} P(B|A_j) P(A_j)}}$$Probability Distributions
Random Variable
A function that assigns numerical values to outcomes.
Expected Value (Mean)
$$E(X) = \sum x_i P(x_i)$$Variance
$$Var(X) = E(X^2) - [E(X)]^2$$Binomial Distribution
For n independent trials with probability p of success:
$$P(X = r) = \binom{n}{r} p^r q^{n-r}$$where q = 1 - p
- Mean: $\mu = np$
- Variance: $\sigma^2 = npq$
Practice Problems
Find the variance of: 2, 4, 6, 8, 10
A bag contains 5 red and 3 blue balls. Two balls are drawn. Find probability of both being red.
If P(A) = 0.3, P(B) = 0.4, P(A ∩ B) = 0.2, find P(A|B).
A coin is tossed 6 times. Find probability of exactly 4 heads.
Further Reading
- Permutations and Combinations - Counting methods
- Sets and Functions - Set theory basics