By Fatskills Exam Guides Team — the exam nerds behind 28,500+ quizzes and 2.1M practice questions across 500+ global exams.
PREREQUISITES
MASTER ORGANIZER
FORMULAS & THEOREMS
DIAGRAMS TO KNOW
Common exam focus: Solving problems involving set theory and Venn diagrams
Probability Trees
Common exam focus: Applying Bayes' Theorem and updating probabilities
Pie Charts
RAPID REVISION SHEET
• Bayes' Theorem updates probabilities based on new information.• Conditional probability is used to find the probability of an event given another event.• Independent events have probabilities that multiply.• Mutually exclusive events have probabilities that add.• Random variables describe outcomes of a random experiment.• Venn diagrams compare sets and their relationships.• Probability trees update conditional probabilities.• Pie charts compare proportions and probabilities.• The law of total probability calculates unconditional probabilities given multiple causes.• The axiom of non-negativity ensures non-negative probabilities.• Axiom of probability ensures probabilities sum to 1.• Multiplying probabilities of independent events gives the probability of their intersection.• Adding probabilities of mutually exclusive events gives the probability of their union.
STEP-BY-STEP PROBLEM SOLVER
Problem Type 1: Updating Probabilities with Bayes' Theorem
Problem Type 2: Calculating Conditional Probabilities
Problem Type 3: Calculating Probabilities of Independent Events
COMMON CONFUSIONS SHEET
A vs B-Explanation - Mean vs Median-The mean is the average value, while the median is the middle value in a dataset. - Area vs Perimeter-The area of a shape is the space inside it, while the perimeter is the distance around it. - Random Variables vs Constants-Random variables describe outcomes of a random experiment, while constants are fixed values. - Conditional Probability vs Independent Events-Conditional probability is used to find the probability of an event given another event, while independent events have probabilities that multiply.
COMMON MISTAKES & TRAPS
Mistake/Trap-Why it happens-How to avoid
EXAM ANSWER BUILDER
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