CH+13+Day+1 2024
CH+13+Day+1 2024
CH+13+Day+1 2024
Randomness to Probability:
The Basics
NOVEMBER 5, 2024
Probability: What is it, exactly?
Semi-formal definition: The long-run relative frequency
(%) of an event occurring.
EX) If we flip a fair coin 5 times and get heads on 3 of those flips, we
wouldn’t be all that surprised (there is about 31% chance of this
particular outcome…how to find that will come later).
3 of 5 is 60%...is the probability of getting heads on any flip of a fair
coin 60%?
No…we know it’s ½ or 50%
So, 3 of 5 heads wouldn’t surprise us.
300 of 500 heads, though, would be very surprising (probability of this
is incredibly small…0.0000015, to be exact)
Probability: What is it, exactly?
Why should we be surprised if we get 300 of 500 heads?
It’s the same ratio as 3 of 5, and we weren’t surprised by
that!
Small numbers of trials can have extreme results. If we
based the probability of getting heads on a single flip of the
coin, it would either be 100% (got heads) or 0% (didn’t get
heads).
As we increase the number of flips, the overall probability of
getting heads starts to get closer and closer to 50%. This is
an illustration of what is called the Law of Large Numbers.
LAW OF LARGE NUMBERS
LAW OF LARGE NUMBERS: As the number of trials increase,
the long-run relative frequency of an event approaches its
true probability.