In the First session Dr Sabnis shared his views on Sample Spaces and Event, Axioms of Probability and Permutations and Combinations. Permutations means each of several possible ways in which a set or number of things can be ordered or arranged , on the other hand s combinations is a way of selecting items from a collection such that (unlike permutations) the order of selection does not matter. He explained about law of Total Probability, Bayes Theorem, Dependence & Independence of events, Properties of CDF and PDF. PDF is probability density function (PDF - is the derivative of the cumulative density function (CDF). PDF is a function of a random variable, x, and its magnitude will be some indication of the relative likelihood of measuring a particular value. The practical examples given by Dr. Sabnis helped students to understand the subject matter and cleared the doubt through Question - Answer session. |