Table of contents
- 1. Introduction to Statistics53m
- 2. Describing Data with Tables and Graphs2h 1m
- 3. Describing Data Numerically1h 48m
- 4. Probability2h 26m
- 5. Binomial Distribution & Discrete Random Variables2h 55m
- 6. Normal Distribution & Continuous Random Variables1h 48m
- 7. Sampling Distributions & Confidence Intervals: Mean1h 17m
- 8. Sampling Distributions & Confidence Intervals: Proportion1h 20m
- 9. Hypothesis Testing for One Sample1h 8m
- 10. Hypothesis Testing for Two Samples2h 8m
- 11. Correlation48m
- 12. Regression1h 4m
- 13. Chi-Square Tests & Goodness of Fit1h 30m
- 14. ANOVA1h 4m
4. Probability
Basic Concepts of Probability
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following is a basic property of probability?
A
The sum of probabilities of all possible outcomes can exceed 1.
B
The probability of any event is always between 0 and 1, inclusive.
C
The probability of any event can be negative.
D
The probability of an impossible event is always 1.

1
Step 1: Understand the concept of probability. Probability is a measure of the likelihood of an event occurring, and it is always expressed as a value between 0 and 1, inclusive. This means that probabilities cannot be negative or exceed 1.
Step 2: Review the basic properties of probability. These include: (a) The probability of any event is always between 0 and 1, inclusive. (b) The probability of an impossible event is 0. (c) The probability of a certain event is 1. (d) The sum of probabilities of all possible outcomes in a sample space is 1.
Step 3: Evaluate the given options based on the properties of probability. For example, the statement 'The sum of probabilities of all possible outcomes can exceed 1' contradicts the property that the sum of probabilities in a sample space is always 1.
Step 4: Analyze the statement 'The probability of any event is always between 0 and 1, inclusive.' This aligns with the fundamental property of probability and is correct.
Step 5: Confirm that the other options, such as 'The probability of any event can be negative' and 'The probability of an impossible event is always 1,' are incorrect because they violate the basic principles of probability.
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