Chapter 5
Probability
But to us, probability is the very guide of life.
‒ Bishop Joseph Butler
LEARNING OBJECTIVES
Upon completion of this chapter, you will be able to:
- Understand the concept of probability
- Understand counting rules, combinations, and permutations
- Understand the three general techniques of assigning probability
- Understand general and special rules of addition and multiplication
- Understand the concept of conditional probability and Bayes’ theorem
STATISTICS IN ACTION; PIDILITE INDUSTRIES LTD
Pidilite Industries is the market leader in the field of adhesives and sealants in India. Some of its popular brands are Fevicol, Cyclo, Sargent Art, Hobby Ideas, Fixit, Roff, and M-Seal. Fevicol enjoyed a monopoly in the Indian ...
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