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Probability Cubed. An Introduction to Simple Probability. Probability Cubed. This die obviously has six sides, numbered 1 through 6. When you toss it, it will always land with one of the numbers up. It is designed to have an equal chance of landing on any of the six numbers.

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probability cubed

Probability Cubed

An Introduction to Simple Probability

probability cubed1
Probability Cubed
  • This die obviously has six sides, numbered 1 through 6. When you toss it, it will always land with one of the numbers up.
  • It is designed to have an equal chance
  • of landing on any of the six numbers.
  • In mathematics, we define this “chance”
  • as the “Probability” of landing on a certain
  • number.
probability cubed2
Probability Cubed
  • When this cube is tossed, there
  • are six possible outcomes.
  • The probability of landing on
  • a desired number is simply
  • 1 out of 6 or 1/6
probability cubed3
Probability Cubed

3

4

5

1

2

6

Take a moment and think about the previous examples… Can you come up with your own definition of “Probability”?

probability cubed4
ProbabilityCubed
  • Probability is defined as the likelihood or chance of a desired event happening. We usually express probability as a fraction……
  • P(event) =
  • P(6) = ? P(2) = ? P(Even #) = ?

Desired Outcome

t

Possible Outcomes

Benefit

Risk

probability cubed5
ProbabilityCubed

Probability can also be expressed as:

  • A decimal number
    • A percent
      • A phrase or sentence
        • Odds
probability cubed6
ProbabilityCubed

P(Odd) = 1/2

  • A decimal number: .5
    • A percent: 50%
      • A phrase: Even Chance
        • Odds: 3 : 3
probability cubed7
ProbabilityCubed

Discussion Item One – Phase 1A Placeholder for text

Discussion Item Two – Phase 2A Placeholder for text

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Discussion Item Four – Phase 4A Placeholder for text

Phase 1

Phase 2

Phase 3

Phase 4

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Comparison Page Layout

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Cost

Benefit

Risk

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