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Econ 3790: Business and Economics Statistics

Econ 3790: Business and Economics Statistics. Instructor: Yogesh Uppal Email: yuppal@ysu.edu. Chapter 4 Introduction to Probability. Some basic definitions and relationships of probability. Some Definitions.

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Addition Law, 3-way Venn Diagram and DeMorgans Law

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Chapter 4, continued...

Chapter 4, continued. III. Events and their Probabilities. An event is a collection of sample points. The probability of any one event is equal to the sum of the probabilities of the sample points in the event.

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