Probability and Chance

Use probability to make better decisions.

31 Lessons368 Exercises

Level 1

Introduction to Probability

Comparing Likelihoods

Multiple Decks

Counting Outcomes

Possibilities and Probability

Level 2

Two Card Totals

Selecting Success

Calculating Probability

Level 3

Dice, Coins and Decks

Dice and Coins

Comparing Combinations

Stacking the Deck

Changing the Odds

Level 4

Expected Value

Probability and Value

Variable Rewards

Expected Value

Calculating Expected Value

Level 5

Expected Value Comparisons

Comparing Value

Multiple Event Value

Multiple Event Comparisons

Level 6

Expressing Probability

Venn Diagrams

AND Probabilities

OR Probabilities

Level 7

Probability Relationships

Outcomes in OR

Calculating OR

Not Probability

Level 8

Conditional Probability

Dependent or Independent

Identifying Dependence

Level 9

Calculating with Conditionals

Two Way Dependence

Calculating Conditionals

Independent AND

Multiplying with Dependence

Comparing Rewards with Probabilities

Balance reward size against probability when choosing between events. Sometimes a smaller reward is better if it occurs more frequently.

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Probability and Chance

Use probability to make better decisions.

31 Lessons368 Exercises

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