Objectives for Probability

The objectives below will be everything that you will be covering in the probability unit. All the objectives below will be tested on the final exam.

• Use the Fundamental Counting Principle to determine the number of possible outcomes in a given situation
• Use the Fundamental Counting Principle to count permutations
• Evaluate factorial expressions
• Use the permutation formula
• Find the number of permutations of duplicate items
• Use the combination formula
• Distinguish between permutation and combination problems
• Compute theoretical probability
• Compute empirical probability
• Compute probabilities with permutations and combinations
• Find the probability that an event will not occur
• Find the probability of one or two events occurring
• Find the probability of one and two events occurring
• Understand and use odds
• Compute conditional probabilities
• Compute expected values
• Use expected value to solve applied problems
• Use expected value to determine the average payoff or loss in a game of chance