The police tested 550 people, to see if anyone would match the partial fingerprint at the crime scene. The probability of getting a false-positive result for a single person, was 0.3%. Using the same formula and method as shown in the video: What would be the new approximate percentage probability of getting at least one false-positive result, if 550 people are still tested, but the probability of getting a false-positive result for a single person was 0.4% instead of 0.3% ? (Assume all other aspects of the situation are the same as in the original problem, with the only change being the probability of getting a false-positive result for a single person.) Round to four digits past the decimal point, and include a percentage symbol in your answer (with no spaces).
Addition Rule of Probability
It simply refers to the likelihood of an event taking place whenever the occurrence of an event is uncertain. The probability of a single event can be calculated by dividing the number of successful trials of that event by the total number of trials.
Expected Value
When a large number of trials are performed for any random variable ‘X’, the predicted result is most likely the mean of all the outcomes for the random variable and it is known as expected value also known as expectation. The expected value, also known as the expectation, is denoted by: E(X).
Probability Distributions
Understanding probability is necessary to know the probability distributions. In statistics, probability is how the uncertainty of an event is measured. This event can be anything. The most common examples include tossing a coin, rolling a die, or choosing a card. Each of these events has multiple possibilities. Every such possibility is measured with the help of probability. To be more precise, the probability is used for calculating the occurrence of events that may or may not happen. Probability does not give sure results. Unless the probability of any event is 1, the different outcomes may or may not happen in real life, regardless of how less or how more their probability is.
Basic Probability
The simple definition of probability it is a chance of the occurrence of an event. It is defined in numerical form and the probability value is between 0 to 1. The probability value 0 indicates that there is no chance of that event occurring and the probability value 1 indicates that the event will occur. Sum of the probability value must be 1. The probability value is never a negative number. If it happens, then recheck the calculation.
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